Indian Economy News

PM Modi, Bhutanese PM jointly launch Rupay card Phase-2

  • IBEF
  • November 23, 2020

Prime Minister Mr. Narendra Modi and Bhutanese counterpart Mr. Lotay Tshering officially established the Phase II RuPay card in Bhutan via video conferencing on Friday, PM Narendra Modi.

"I am thrilled that project is carried on steadily to send Bhutan's satellite to space with the help of ISRO, next year For this purpose, Bhutan's four space engineers will go to ISRO in December, I send my regards to these four youth," PM Mr. Modi said on the occasion.

The Bhutanese PM applauded PM Modi for managing India's pandemic effectively. He said, “I'm sure that India will come out of the pandemic much stronger. India's lead in the production of vaccines is a symbol of hope for all of us.”

Speaking at the virtual weekly press conference, MEA spokesperson Mr. Anurag Srivastava said that the launch of the RuPay Phase 1 card helps Indian tourists to Bhutan to use ATMs and point of sale terminals in Bhutan.

"Prime Ministers of India and Bhutan would virtually introduce RuPay Card phase-2 in Bhutan on November 20. The two PMs had launched phase-1 of the project during PM Modi's visit to Bhutan in August 2019," he said.

"The implementation of phase-1 of RuPay card enable Indian visitors to Bhutan to access ATMs and point of sale terminals in Bhutan. The phase-2 will allow Bhutanese cardholders to access RuPay network in India," he added.

Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.

Partners
Loading...