Answer: NPCI
Notes: Bharat Bill Payments (BBPS), the platform built by the National Payments Corporation of India (NPCI) to digitise the country’s large utility bill payments market, is increasingly being used for loan repayments and clearing credit card dues. The way utility bills get generated for consumers every month, EMI (equated monthly instalment) gets generated every month on a specific date for borrowers. The customer can use any mode of payment to clear the EMI due, and this is where the BBPS platform is fast emerging as a popular tool.
