Union cabinet approves Rs 2,600 crore scheme to promote RuPay debit card, low value BHIM-UPI transactions
By Lokmat English Desk | Updated: January 11, 2023 16:08 IST2023-01-11T16:07:57+5:302023-01-11T16:08:28+5:30
The Union cabinet approved a Rs 2,600 crore scheme for promoting RuPay debit cards and low-value BHIM-UPI transactions. Under ...
Union cabinet approves Rs 2,600 crore scheme to promote RuPay debit card, low value BHIM-UPI transactions
The Union cabinet approved a Rs 2,600 crore scheme for promoting RuPay debit cards and low-value BHIM-UPI transactions.
Under the scheme, banks would be provided financial incentives for promoting Point of Sale (PoS) and e-commerce transactions using RuPay and UPI in the current financial year.
It would help in building a robust digital payment ecosystem. The scheme would also promote UPI Lite and UPI123PAY as economical and user-friendly digital payments.
Cabinet approves the incentive scheme for promotion of RuPay Debit Cards and low-value BHIM-UPI transactions (Person-to-Merchant), said an official tweet.
Open in app#Cabinet approves the incentive scheme for promotion of RuPay Debit Cards and low-value BHIM-UPI transactions (P2M)#CabinetDecisionspic.twitter.com/C9ioM4fJf2
— Satyendra Prakash (@DG_PIB) January 11, 2023
