G20 Summit: India set to allow cross-border bill payments via Bharat BillPay for NRIs in UK

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India is set to expand its presence for cross-border bill payments in the UK through the Bharat Bill Payment System (BBPS) after having operationalised it in four countries in the Middle East earlier. With this, non-resident Indians there would be able to make use of the system for direct payments towards bill payments through multiple modes such as Unified Payments Interface or UPI, National Electronic Funds Transfer or NEFT, wallets, debit and credit cards. “Our initial focus was on the Middle East countries because of the sizeable NRI population there. It (Bharat Bill Payment System) is already operational in Oman,...