Banking Connect: New net banking platform to help RBI monitor fund transfers with shorter lag, says NPCI arm
Banking Connect- the newly launched net-banking platform built by NPCI Bharat BillPay (NBBL) – will enable the Reserve Bank of India (RBI) to monitor fund transfers in shorter-lag, a senior official said on Thursday.NBBL is aiming for a fourfold jump in monthly bill-payment volumes to 1 billion transactions in four years, up from the current…