Credit Card Payments: Can You Still Pay Via 3rd Party Apps?

RBI has mandated Credit Card Payments via BBPS Platform from July 1. This means that customers of banks that are not on the platform cannot make payments via 3rd party apps. How will you be affected? Ritu Singh explains #creditcards #payment #rbi #creditcardrules#businessnewsinenglish #businessnewstoday #businessnewsinenglish #sharemarkettoday #cnbctv18
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[@arvindre]

There is no incentive for banks to setup bbps. If they don’t , there is no penalty. If a customer misses payment trying to figure out how pay, they can charge late fees.