RBI Enables Bharat Bill Payment System to Let Cross-Border Inbound Payments

The Reserve Bank of India (RBI) has enabled the Bharat Bill Payment System (BBPS) to process cross-border inbound payments for the non-resident Indians (NRIs). After the enabling of the inbound payment process, the NRIs no longer need to send money to the India-based accounts of their family members to pay utility bills in India. Now, they will be able to pay these utility bills directly through BBPS. It was earlier reported that the RBI has…