The central bank has mandatedthrough), but only eight of 34 banks are live on the network, causing concern among payment companies. This and more in today’s ETtech Morning Dispatch.wants to design locally■ General Catalyst acquires Venture Highway■ Ola Electric secures IPO nodThe Reserve Bank of India () wants credit card bill payments through third-party payment platforms to stop from next month. The plan is to get all these bill payments through the central bill payment network, the Bharat Bill Payment System (BBPS). Among the 34 banks that are allowed to issue credit cards, only eight are live on BBPS. Only the SBI Card and BoB Card, along with a few private sector lenders, are live on BBPS.

Source: Economic Times June 21, 2024 06:42 UTC