Global Trade Alert
Global Trade Alert

India: 1-year Incentive scheme for payments through domestic payment providers

Announcement

15 Dec 2021

India has announced a scheme to incentivize payments through locally owned payment platforms.

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Number of interventions

1

1 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

01 Apr 2021

Revocation date:

31 Mar 2022

Updated: 15 Dec 2021
Localisation, nes

On 15 December 2021, the Indian Union Cabinet of Ministers approved a scheme to incentivize the use of RuPay debit cards and BHIM-UPI transactions of low value (less than INR 2000 or ~ USD 26) in t...

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