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Cabinet OKs ₹1,500 cr push for small BHIM-UPI deals
The New Indian Express Tirunelveli
|March 20, 2025
THE Union Cabinet on Wednesday approved a ₹1,500-crore incentive scheme to promote BHIM-UPI (Person-to-Merchant) transactions below ₹2,000 in 2024-25.
An official statement said small merchant transactions using BHIM-UPI will receive an incentive of 0.15% per transaction value.
The government will pay this to the acquiring bank (merchant's bank), which will share it with the customer's bank, payment service provider bank, and app providers.
Bu hikaye The New Indian Express Tirunelveli dergisinin March 20, 2025 baskısından alınmıştır.
Binlerce özenle seçilmiş premium hikayeye ve 9.000'den fazla dergi ve gazeteye erişmek için Magzter GOLD'a abone olun.
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