Pm modi, bhutanese pm to jointly launch phase-ii of rupay card today

Under Phase-II, Bhutanese cardholders will able to access RuPay network in India. Introduced in 2014, 600 million people use RuPay cards and it is a product of the National Payments

Corporation of Indi. Prime Minister Narendra Modi and his Bhutanese counterpart Lotay Tshering will launch Phase-II of the RuPay card on Friday. Under Phase-II, Bhutanese cardholders will

able to access RuPay network in India.  A release by the Indian government said, "India and Bhutan share a special partnership, anchored in mutual understanding and respect, reinforced

by a shared cultural heritage and strong people to people links." Phase-I of the card was launched in August 2019 during the visit of the Indian Prime Minister. Phase-I of RuPay cards

enabled visitors from India to access ATMs and Point of Sale (PoS) terminals across Bhutan. RuPay is an Indian payment gateway like a visa or Mastercard and increasingly being expanded to

India's neighboring countries or countries with huge Indian diaspora. It was launched in Singapore in May 2018, followed by Bhutan and the Maldives. UAE was the first gulf country which

saw its launch, followed by Bahrain and Saudi Arabia, helping thousands of Indian ex-pats send money back home. Other countries like Myanmar, Australia also working to adopt it. Introduced

in 2014, 600 million people use RuPay cards and it is a product of the National Payments Corporation of India or NPCI.