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NPCI extends BHIM UPI to Bhutan
July 15 , 2021
1232 days
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- Bhutan has become first country to adopt Unified Payment Interface (UPI) standards of India for its quick response (QR) code.
- Bhutan after Singapore has become the second country to have BHIM-UPI acceptance at merchant locations.
- International wing of the National Payment Corporation of India (NPCI) called NPCI International Payments Ltd. (NIPL) announced partnership with Royal Monetary Authority (RMA) of Bhutan to implement BHIM UPI QR-based payments in Bhutan.
- Bhutan will also become the only country to issue & accept RuPay cards and accept BHIM-UPI.
Bharat Interface for Money (BHIM)
- It is an Indian mobile payment App developed by National Payments Corporation of India.
- It is named after B. R. Ambedkar.
- It was launched on December 30, 2016.
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