Why The July 1 Deadline May Not Impact Most Credit Card Payments | Details

Why The July 1 Deadline May Not Impact Most Credit Card Payments | Details

The credit card users would not be able to pay their bills through third party platforms like Cred & Phone Pe, unless their issuer bank was on the Bharat Bill Payment System.The Reserve Bank of India had directed that all credit card payments must be processed through the centralised payment system Bharat Bill Payment System after June 30. Now even, as the June 30 deadline on the BBPS has passed, users are still able to make their credit card bill payments through third-party platforms like Cred and PhonePe.

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RBI New Rules on Credit Card Payment | Credit Card Payment New Rules | Cred | PhonePe | Bharat Bill Payment System | No Impact on Credit Card Payment?

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