India, Oct. 20 -- India's push for a cashless economy has seen significant developments, particularly with integrating credit card payments into the Bharat Bill Payment System (BBPS). The Reserve Bank of India (RBI) has mandated that all credit card bill payments be routed through BBPS, positioning it at the forefront of India's digital payment landscape.

This move enhances security and transparency, minimises fraud, and provides a unified payment interface. The rise of BBPS, alongside emerging solutions like credit on UPI, which allows on-demand borrowing, underscores the evolving digital payments ecosystem. According to a PwC report, India's digital payments sector grew at a CAGR of about 50% from 2015-16 to 2019-20, reflecting the rap...