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Sops for small value UPI transactions
The Daily Guardian
|March 20, 2025
Small merchants will get incentives at the rate of 0.15% per transaction, value capped at Rs 2,000
The government on Wednesday approved a Rs 1,500 crore incentive for the promotion of small-value BHIM-UPI (P2M) transactions up to Rs 2,000, a move aimed at benefiting common people and small merchants.
The 'Incentive Scheme for promotion of low-value BHIM-UPI transactions Person to Merchant (P2M)' for the financial year 2024-25 was approved by the Cabinet chaired by Prime Minister Narendra Modi, Information and Broadcasting Minister Ashwini Vaishnaw told reporters here.
In a post on social media platform X, the Prime Minister said, "The incentive scheme on promoting low-value UPI transactions, which has been approved by the Cabinet will encourage digital payments and further 'Ease of Living'."
The scheme will cover 55 per cent of the total merchant transactions, an official release said.
Cette histoire est tirée de l'édition March 20, 2025 de The Daily Guardian.
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