The Union Cabinet, chaired by Prime Minister Narendra Modi, has approved the Incentive Scheme for Promotion of Low-Value BHIM-UPI Transactions (Person to Merchant – P2M) for the 2024-25 financial year. The press release said it aims to boost digital payments, focusing on small merchants and the indigenous BHIM-UPI platform. Continue reading “Union Cabinet approves Rs. 1500 crore BHIM-UPI incentive plan”