Major credit issuers, including the largest HDFC Bank -have integrated their systems with the Bharat Bill Payment Systems (BBPS) for receiving credit card repayments via thirdparty applications.
HDFC Bank went live on the platform earlier this week.
According to the BBPS website, currently Axis Bank, the fourth largest credit card issuer, Indian Overseas Bank, and Yes Bank are in the process of getting their systems integrated and are expected to go live on the platform soon.
Currently, 15 major issuers are live on the platform, including ICICI Bank, SBI Cards, Kotak Mahindra Bank, BoB card, and IndusInd Bank. There are now over 30 credit card issuers in the country.
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Denne historien er fra July 13, 2024-utgaven av Business Standard.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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