After Visa complained to US govt about Indian govt promoting RuPay, Modi govt announces incentive scheme for RuPay and BHIM-UPI

The union cabinet today approved an incentive scheme to promote the use of RuPay debit cards and low-value BHIM-UPI transactions. The scheme, which will promote the use of RuPay debit cards and person to merchant UPI transactions upto Rs 2,000, was approved in a cabinet meeting on Wednesday chaired by Prime Minister Narendra Modi.   … Read more