NPCI to make Bharat BillPay a separate entity
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The National Payments Corporation of India (NPCI) is reportedly planning to spin off its bill payments business, Bharat BillPay, into a separate subsidiary. Bharat BillPay will be NPCI’s second subsidiary firm after NPCI International Payments (NIPL), which takes care of deployment of the RuPay card scheme and Unified Payments Interface (UPI) outside of India.