Cabinet likely approves promotional incentives for Rupay debit cards, low value transactions of UPI

Incentives worth Rs 2,600 crore have been approved for FY22-23 by the cabinet, as per the reports. The cabinet has said that incentives will be given on use of Rupay debit cards and BHIM UPI. It has likely approved setting up of three co-operative societies under the new Act, said the ET Now report.

from Banking/Finance-Industry-Economic Times https://ift.tt/lQFL6uE