Vakrangee (VL) has received in-principle authorisation to set up and operate BBPOU under the Payment and Settlement Systems Act, 2007 from the Reserve Bank of India (RBI), it said in a release.source https://economictimes.indiatimes.com/industry/banking/finance/banking/vakrangee-gets-rbi-nod-to-set-up-bharat-bill-payment-unit/articleshow/78313934.cms
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