BHIM UPI

Incentive scheme for low-value BHIM-UPI transactions boosted digital payments: Govt

Promoting digital payments is an integral part of the government’s strategy for financial inclusion and providing wide-ranging payment options to the common man.

# Business

Centre approves incentive scheme for promotion of low-value BHIM-UPI transactions

The Union Cabinet, chaired by Prime Minister Narendra Modi, on Wednesday approved an incentive scheme for the promotion of low-value BHIM-UPI transactions with an estimated outlay of Rs 1,500 crore.

Cabinet nod for scheme to insentivise RuPay, BHIM-UPI

Under the said scheme, acquiring banks will be provided financial incentives, for promoting Point-of-Sale (PoS) and e-commerce transactions using RuPay Debit Cards and low-value BHIM-UPI transactions (P2M) for the current financial year.

No charges on UPI transactions clarifies Finance Ministry

Clarification came after media reports claimed RBI titled "Discussion Paper on Charges in Payment System" has discussion of service charge on UPI transactions.

India launches BHIM-UPI services in Bhutan

Nirmala Sitharaman said that the services have been started in Bhutan under India's neighbourhood first policy.

FinMin exempts B2B firms from using only BHIM, RuPay for accepting payments

To encourage digital transactions and move towards a less-cash economy, the government inserted a new provision, Section 269SU

By PTI

20 May, 2020 8 mins read

Mobile app can be used for payment of state taxes, fees

The payment can be made through WBiFMS Mobile App that was introduced by the department in March 2019.

By SNS

01 February, 2020 8 mins read

BHIM UPI

Incentive scheme for low-value BHIM-UPI transactions boosted digital payments: Govt

Centre approves incentive scheme for promotion of low-value BHIM-UPI transactions

Cabinet nod for scheme to insentivise RuPay, BHIM-UPI

No charges on UPI transactions clarifies Finance Ministry

India launches BHIM-UPI services in Bhutan

FinMin exempts B2B firms from using only BHIM, RuPay for accepting payments

Mobile app can be used for payment of state taxes, fees

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