BHIM UPI, the Indian authorities’s digital fee app, was launched in Bhutan Tuesday through a digital ceremony by Finance Minister Nirmala Sitharaman and her Bhutanese counterpart Lyonpo Namgay Tshering.
Bhutan turns into the primary nation, in India’s fast neighbourhood, to make use of the BHIM app for mobile-based funds and “to adopt UPI standards for its QR deployment”, acknowledged a press launch by the Ministry of External Affairs.
Finance Minister @nsitharaman together with Finance Minister of Bhutan Lyonpo Namgay Tshering collectively launched BHIM–UPI in Bhutan in the present day.
This fulfils dedication made throughout the PM @narendramodi’s go to to Bhutan in 2019.
Press Release: https://t.co/FPZkQYmHWt pic.twitter.com/1xnbMXhZ5R
— Arindam Bagchi (@MEAIndia) July 13, 2021
Speaking on the occasion, Sitharaman stated, “The services have started in Bhutan under India’s neighbourhood first policy and India is proud of our achievement and feel pleasure in sharing it with our valued neighbour. BHIM UPI is one of the brightest spots and achievements for digital transactions in India during the time of the COVID-19 pandemic with more than 100 million UPI QRs have been created in the last 5 years.”
Thanking the Government of India, Tshering stated “the bond between the two countries has become stronger each passing day.”
Former electronics and IT minister Ravi Shankar Prasad tweeted, “Launch of BHIM-UPI in Bhutan is a big development in taking India’s fintech innovations to different countries.”
Launch of BHIM-UPI in Bhutan is a giant growth in taking India’s fin tech improvements to completely different international locations. This won’t solely create new alternatives for Indian innovators but additionally realise the imaginative and prescient of PM @narendramodi to make use of digital know-how for progress & growth. https://t.co/r4UyzKekn4
— Ravi Shankar Prasad (@rsprasad) July 14, 2021
