RuPay Card issuance crosses 10,000 milestone in Bhutan

NPCI International Payments (NIPL), the subsidiary and international arm of the National Payments Corporation of India (NPCI), recently achieved a significant milestone by issuing over 10,000 RuPay cards in Bhutan within a short period of its introduction in the country. RuPay recorded this mark with partner bank of Royal Monetary Authority of Bhutan – Bhutan National Bank (BNBL). The BNBL RuPay debit cards are accepted at more than 2,65,994 ATMs and 7.9 million PoS terminals deployed by the member banks of NPCI for cash withdrawals, balance inquiries, and purchases in India.

RuPay is the first-of-its-kind global card payment network from India, that is innovative, secure and packed with features. RuPay Phase – II was launched in November 2020. This cross-border payment initiative between India and Bhutan was aimed at promoting the use of low-cost digital payment solutions and advancing digital financial inclusion. It allows Bhutanese citizens to withdraw cash and make payments through all ATM and PoS terminals in India. Currently, Bhutan National Bank is the only bank in Bhutan that issues RuPay cards.

NIPL’s strategic association with BNBL ensured a robust acceptance infrastructure of RuPay in Bhutan. The card is gaining popularity in the Bhutan market owing to RuPay’s customized solutions for its users. NIPL is also venturing into new international markets to widen the reach of RuPay.