Who is An agent institution?
Modified on: Tue, 6 Jun, 2023 at 11:12 AM
Entities who currently offer or who wish to offer bill payment service to their customers through physical (agents, bank branches, business correspondents, etc.) or digital channels (website, Internet banking, mobile app, etc.)
All the entities, that have not received in-principle authorization from the Reserve Bank of India to act as a BBPOU or who have not applied may be eligible to become an Agent Institution under the BBPS scheme
These are the entities that could be on-boarded in the BBPS ecosystem by entities called as BBPOUs.
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