RBI is processing application of entities for authorisation to operate as BBPOU

Q.  What does BBPOU stand in the context of banking?
- Published on 16 May 16

a. Bharat Bill Payment Operating Unit
b. Bharat Border Payment Operating Unit
c. Bharat Billing Payment Operation Unit
d. Bharat Billing Period Operating Unit

ANSWER: Bharat Bill Payment Operating Unit
 
RBI processed applications of entities for authorisation to operate as Bharat Bill Payment Operating Unit and conveying directly to those receiving in principle approvals.
  • Applications are being processed and RBI has commenced communicating decisions directly to those receiving in-principle approvals
  • Billing experience for eligibility as a BBPOU does not include activities in which the applicant is only a front-end of a bill aggregator

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