NIPL partners with Bhutan’s RMA
Finance Minister Sitharaman said that BHIM UPI is one of the successful experiments done by us. International Payments Limited (NIPL), the international arm of the National Payment Corporation of India (NPCI), has announced a partnership with the Royal Monetary Authority (RMA) of Bhutan to implement BHIM UPI QR based payments in Bhutan. During the financial year 2020-21, 22 billion transactions worth Rs 41 lakh crore have been done through BHIM UPI. Over 1000 lakh UPI QRs (UPI-QRs) have been created in five years.
There couldn’t be any better place to launch it (BHIM-UPI) because every Indian tourist who goes to Bhutan goes with such a warm feeling to the land of happiness: Finance Minister Nirmala Sitharaman & FM of Bhutan Lyonpo Namgay Tshering jointly launch BHIM–UPI in Bhutan pic.twitter.com/VlV9SopnaQ
– ANI (@ANI) July 13, 2021
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RuPay card was also launched in Bhutan
FM Sitharaman said that this is a proud product of India, which we are now sharing with Bhutan. Let us tell you that earlier RuPay card has also been launched in Bhutan. It was launched in 2019 during Prime Minister Narendra Modi’s visit to Bhutan. RuPay is an Indian payment gateway like Visa or MasterCard. At present, RuPay is available in many countries including UAE, Singapore, Maldives and Saudi Arabia.
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