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approved

Centre’s nod to scheme promoting RuPayDebit cards, BHIM-UPI transactions

Under the scheme, the acquiring banks will be incentivised by the Government, by way of paying percentage of value of transactions (P2M) done through RuPay Debit cards and low-value BHIM-UPI modes of payments, at an estimated financial outlay of Rs 1,300 crore for a period of one year with effective from April 1, 2021.