₹1,500 Crore UPI Incentive Scheme Approved: Boosting Digital Transactions in India
In a significant move to promote digital payments in India, the Union Cabinet has approved a ₹1,500 crore incentive scheme for banks facilitating Unified Payments Interface (UPI) transactions. This decision is aimed at bolstering the adoption of digital payments and reducing reliance on cash transactions. The scheme will compensate banks for their role in processing…
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