%20(500%20%C3%97%20280%20px)%20(500%20x%20300%20px)%20(18).png "NPCI Introduced BBPS for Business, UPI Circle at GFF 2024")
- BBPS for Business:
- This new feature allows businesses to collect payments from customers using the Bharat Bill Payment System (BBPS).
- This will provide businesses with a convenient and efficient way to collect payments from their customers.
- UPI Circle:
- This new initiative allows users to make UPI payments without having to enter the beneficiary's account details.
- Instead, users can simply choose the beneficiary's name from a list of contacts.
- This will make UPI payments even easier and more convenient for users.
Question:
1 What is the primary purpose of the "BBPS for Business" initiative introduced by NPCI?
- A) To facilitate payments for government bills
- B) To simplify the process of transferring funds between banks
- C) To promote digital payments among consumers
- D) To enable businesses to collect payments from customers using BBPS
