Paytm , PayU India get in principle approval for BBPOU

Q.  Which companies are among the first to get approval for running BBPOUs?
- Published on 18 May 16

a. Paytm
b. PayuIndia
c. Both a and b
d. Magic Bricks

ANSWER: Both a and b
 
PayU India and Paytm have got amongst the first in-principle approvals for operating as a Bharat Bill Payments Operating Unit (BBPOU), allowing them to offer interoperable bill payment service to consumers.
  • Consumers will be able to pay all their bills anytime and anywhere under the Bharat Bill Payment System (BBPS), and the companies will provide platforms to offer these services.

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