RBI Governor Unveils UPI Circle and BBPS for Business at Global Fintech Festival

• RBI Governor Shaktikanta Das launched UPI Circle and Bharat BillPay for Business at GFF 2024
• UPI Circle allows delegation of payments to trusted secondary users, capped at INR 15,000 monthly
• BBPS for Business streamlines B2B payments, offering services like invoice management and AR/AP dashboards
• EnKash and OPEN partner with NPCI to launch B2B invoice payments on BBPS for Business platform
• RBI approves FACE as self-regulatory organisation for fintech sector

Source: Inc42