BBPL has been allowed to provide an interoperable platform for internet banking where users won't need UPI or card transactions," a senior industry official told Mint on the condition of anonymity.
"The pilot has already started and the experience on IMPS has been good. The objective is to popularise more avenues of payments so that not all eggs are in the one UPI basket from a systemic safety point of view," the official added.
This story is from the January 04, 2025 edition of Mint Bangalore.
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This story is from the January 04, 2025 edition of Mint Bangalore.
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