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The Centre has allocated INR 2,000 Cr under the incentive scheme for promotion of RuPay debit cards and low-value BHIM-UPI transactions of up to INR 2,000 for 2026-27
According to the Union Budget 2026-27 documents, this number is near 5X higher than INR 437 Cr budgeted for FY26
While the sustained incentives have played a critical role in the growth of UPI, the industry has been calling to move beyond incentives by reintroducting MDR
The Centre has allocated INR 2,000…
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The Centre has allocated INR 2,000 Cr under the incentive scheme for promotion of RuPay debit cards and low-value BHIM-UPI transactions of up to INR 2,000 for 2026-27
According to the Union Budget 2026-27 documents, this number is near 5X higher than INR 437 Cr budgeted for FY26
While the sustained incentives have played a critical role in the growth of UPI, the industry has been calling to move beyond incentives by reintroducting MDR
The Centre has allocated INR 2,000…
We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.
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