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Cabinet Approves 2,600 Crore Boost for Low-Value Rupay Debit Card and UPI Payments

Cabinet Approves 2,600 Crore Boost for Low-Value Rupay Debit Card and UPI Payments

The government stated that the scheme aims to construct a strong digital payment infrastructure, as well as promote cost-effective and user-friendly payment options such as UPI Lite and UPI 123Pay. The Indian government has approved a Rs 2,600 crore-incentive scheme to support low-value transactions made through the Unified Payments Interface (UPI) and Rupay debit cards.

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