[3] The Committee headed by RBI Executive Director G. Padmanabhan was set up in 2013 to study the feasibility of implementation of Giro based Payment Systems.

On 6 August 2022, the Reserve Bank of India (RBI) allowed BBPS cross border inward billing facility for Non-resident Indians.

NRIs can now directly pay utility bills, education fees, municipal tax and insurance-related payments without the need to send money first to a resident Indian bank account.

[5] On 20 September, RBI governor Shaktikanta Das officially launched Bharat BillPay Cross-Border Bill Payments at Global Fintech Fest 2022.

Users don't need to memorize account numbers or customer IDs because the QR code—which billers can generate—automatically retrieves the most recent bill details.