Finance Minister Nirmala Sitharaman Launches India’s BHIM-UPI Payment System In Bhutan
Union Finance Minister Nirmala Sitharaman and her Bhutanese counterpart Lyonpo Namgay Tshering jointly launched BHIM-UPI in Bhutan.
For better interpersonal relations between countries, it is necessary for the said nations to adapt according to the changing norms. A great example of that was seen recently, as Bhutan became the very first country to adopt India’s UPI aka Unified Payment Interface standards for its QR code. Due to COVID-19, a physical ceremony wasn’t possible. Thus, in a virtual ceremony, Finance Minister Nirmala Sitharaman and her Bhutanese counterpart, Lyonpo Namgay Tshering, jointly launched BHIM-UPI in Bhutan.
Speaking on the occasion, FM Sitharaman said that launching this service in Bhutan is an honour for her. “There couldn’t have been a better place to launch it because every Indian tourist who goes to Bhutan goes with such a warm feeling to the land of happiness,” added Sitharaman. She also acknowledged the fact that Bhutan was the first-ever country to measure its citizen’s happiness, thus “setting an example for the entire world”.
Talking about BHIM-UPI, Sitharaman claimed, “BHIM-UPI is one of the achievements of India in terms of fintech in which India has invested a lot. We have also encouraged our start-ups to come up with solutions. Therefore, BHIM-UPI stands out as one of the very good and successful experiments that we have undertaken”.
The Official Spokesperson, Ministry of External Affairs, Arindam Bagchi, shared a tweet announcing the launch that read, “Finance Minister Nirmala Sitharaman along with Finance Minister of Bhutan Lyonpo Namgay Tshering jointly launched BHIM–UPI in Bhutan today. This fulfils commitment made during the PM Narendra Modi’s visit to Bhutan in 2019”. He also added how this launch would enable the payment infrastructures of the two countries to be connected seamlessly.
With the launch of BHIM-UPI in Bhutan, the payment infrastructures of the two countries are seamlessly connected.
Bhutan is the first country in our immediate neighbourhood to adopt mobile based payments through the BHIM App. pic.twitter.com/GpwcDzc7dS
— Arindam Bagchi (@MEAIndia) July 13, 2021
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