Razorpay and NPCI Bharat BillPay Limited (NBBL) launch Banking Connect solution

Exam-focused facts from the 6 July 2026 current affairs briefing.

Key facts

On July 1, 2026, Razorpay partnered with NBBL, a wholly owned subsidiary of National Payments Corporation of India (NPCI), to launch Banking Connect.
Banking Connect is a mobile-first solution that modernises NetBanking through a single integration and supports app-based and QR-enabled payment flows.
The solution is currently supported by State Bank of India (SBI), HDFC Bank, ICICI Bank, Federal Bank, AU Small Finance Bank and YES Bank.
Arif Khan, Chief Innovation Officer at Razorpay, noted that NetBanking remains widely used for high-value transactions in sectors such as financial services and education.
Noopur Chaturvedi, Managing Director and CEO of NBBL, stated the Banking Connect initiative supports interoperable payment infrastructure for businesses and consumers.