Global Trade Alert
Global Trade Alert

India: Increased budget for a payment scheme to incentivise digital payments

Announcement

12 Mar 2024

On 12 March 2024, the Indian government has approved an increase in the budget for a scheme to incentivise digital payments through domestic service providers.

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Number of interventions

1

1 certainly harmful

0 likely harmful

0 liberalising

List of interventions

0 in force

Implementation date

12 Mar 2024

Revocation date:

No revocation date

Localisation, nes

On 12 March 2024, the Indian Ministry of Finance through Notification No 9/27/2023 increased the budget for the "Incentive scheme for promotion of RuPay Debit Cards and low-value BHIM-UPI transactions...

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