RBI gives approval to seven non-bank companies under BBPS

RBI has given in-principle approval to seven non-bank companies to operate under the Bharat Bill Payment System. These are Spice Digital, Oxigen, PayU India, Paytm, Euronet, TechProcess and BillDesk. These companies will now be required to submit system audit reports and obtain certification from the National Payments Corporation of India to get final authorisation to commence business.

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