Reserve Bank of India’s Deputy Governor H.R. Khan, on Tuesday, said that the central bank was focusing on bill payment systems, which was the next big thing for which Bharat Bill Payment System and National Payments Corporation of India (NPCI) were on board and other bill aggregators were expected to join soon.
Issuance of Payment Bank Licences would be a game-changer in the field of remittances and bill payments, Mr. Khan said while addressing the 9th edition of CII’s Banking Tech Summit.
On the role of RBI in technology adoption, Mr. Khan mentioned about e-kuber, a core banking platform adopted by RBI and said that connecting mobile with Aadhaar under the Jan Dhan Yojana would be the solution going forward for financial inclusion.
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