29 August 2024: The Reserve Bank of India (RBI) Governor, Shaktikanta Das, announced the launch of two new product offerings built by the National Payments Corporation of India (NPCI) at the Global Fintech Festival (GFF) 2024. These new offerings include Bharat BillPay (BBPS) for Business, designed to streamline business-to-business (B2B) transactions across different ERPs and accounting platforms, and UPI Circle, which enables delegate payments to users. These payment solutions are aimed to enhance inclusivity, security, and efficiency of India’s digital payment ecosystem.
The launch took place in the presence of Nandan Nilekani, Non-Executive Chairman, Infosys and Advisor to NPCI, and Ajay Kumar Choudhary, Non-Executive Chairman and Independent Director, NPCI.
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