RBI Grade B Officers 2017 jun Paper

(5) Oxigen Services and PayUIndia, in May 2016, received inprincipleapproval from the RBIto set up and operate BharatBill Payment System (BBPS).BBPS offers interoperable andaccessible bill payment serviceto customers, enabling multiplepayment modes through anetwork of agents which canprovide instant confirmationof payments.