Spice Digital: Current Affairs, GK & News - 2020-2021
The Reserve Bank of India (RBI) approves Spice Digital to process bill payments under BBPS
Published: August 28, 2017
The Spice Digital Limited (SDL) has received the final licence from the Reserve Bank of India (RBI), to process bill payments as a Bharat Bill Payment Operating Unit (BBPOU) in the Bharat Bill Payment System (BBPS). The BBPS is a RBI conceptualised system driven by National Payments Corporation of India (NPCI). It is a one-stop ..
Topics: Banking in India • Bharat Bill Payment System • Economy of India • Financial services • Mobile payments in India • Money • National Payments Corporation of India • Payment systems • Spice Digital
NPCI approves Spice Digitals operation under Bharat Bill Payment System
Published: August 26, 2017
The National Payments Corporation of India (NPCI) has given a nod to Spice Digital Ltd. for processing bill payments under the Bharat Bill Payment System (BBPS) as a Bharat Bill Payment Operating Unit (BBPOU). Spice Money Ltd, a fintech company had received an in-principle approval to set-up as a BBPOU under the Payment and Settlement ..