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India`s BHIM app to be launched in Bhutan on July 13
BHIM or Bharat Interface for Money is developed by the National Payments Corporation of India (NPCI) is based on Unified Payments Interface (UPI).
Highlights
- BHIM app will help Indian businesses, tourists in the country with cashless transactions and will give a flip to Bhutanese businesses as well
- BHIM is the 2nd Indian payment gateway to be launched in the country after RuPay
- India and Bhutan share a very close relationship, defined as a "special relationship"
New Delhi: India's e payment gateway for cashless transactions --BHIM app will be launched in Bhutan on Tuesday (July 13). BHIM or Bharat Interface for Money is developed by the National Payments Corporation of India (NPCI) is based on Unified Payments Interface (UPI).
BHIM app will help Indian businesses, tourists in the country with cashless transactions and will give a flip to Bhutanese businesses as well.
BHIM is the 2nd Indian payment gateway to be launched in the country after RuPay.
2019 saw the RuPay card being launched in Bhutan during the visit of Indian PM Narendra Modi. Phase 2 of RuPay was launched last year. RuPay is an Indian payment gateway like a visa or Mastercard and is now available in many countries in the region like Singapore, Maldives, UAE, Bahrain, and Saudi Arabia.
India and Bhutan share a very close relationship, defined as a "special relationship". Amid the covid crisis, India sent out medicines and vaccines to the country. Bhutan also reached out to India by supplying 40 metric tonnes of liquid Oxygen to Assam.