Union Minister of Finance & Corporate Affairs Smt. Nirmala Sitharaman, along with her Bhutanese counterpart, Mr Lyonpo Namgay Tshering, jointly launched BHIM–UPI in Bhutan on July 13.
- The services have started in Bhutan under India’s neighbourhood first policy.
- The Finance Minister said that BHIM UPI is one of the brightest spot and an achievement for digital transactions in India during the time of COVID-19 pandemic with more than 100 million UPI QRs have been created in last 5 years.
- With aunch of BHIM-UPI in Bhutan, the payment infrastructures of the two countries are seamlessly connected and will benefit a large number of tourists and businessmen from India who travel to Bhutan each year. This will enhance the ease of living and ease of travelling through cashless transactions at the touch of a button.
- Bhutan is the first country to adopt UPI standards for its QR deployment, and the first country in our immediate neighbourhood to accept mobile based payments through the BHIM App.
