PM Modi launches RuPay Card in Bhutan

PM Narendra Modi launched RuPay Card in Bhutan on Saturday. The RuPay card is a digital payment platform whose benefits include lower transaction cost.

Bhutan:Prime Minister Narendra Modi on Saturday launched RuPay Card in Bhutan by making a purchase at historic Simtokha Dzong on Saturday. Modi is in Bhutan on a two-day visit.

"I am very happy that today we have launched RuPay card in Bhutan. This will further enhance our relationship in digital payments, and trade and tourism. Our shared spiritual heritage and strong people-to-people relationship are key of our relations," Prime Minister Modi said.

The RuPay card is a digital payment platform whose benefits include lower transaction cost. The scheme will be launched in two phases. First, the Indian banks will issue the cards for Indian travellers and citizens in Bhutan and in second phase, Bhutanese banks will issue them for their citizens.

Ten memoranda of understanding (MoU) were also signed between India and Bhutan at Simtokha Dzong, in presence of PM Modi and Prime Minister of Bhutan (Dr.) Lotay Tshering.