<span style="color: #222222;">Cabinet has approved an incentive scheme for promotion of RuPay Debit Cards and low-value BHIM-UPI transactions. Briefing media, Union Minister Ashwini Vaishnaw said, banks will be incentivized for low-value BHIM-UPI transactions by way of paying a percentage of value of transactions. This initiative will facilitate acquiring Banks in building robust digital payment ecosystem. It will promote RuPay debit cards and Bhim UPI digital transactions. The scheme will deepen digital payments in the country and make accessible digital modes of payments to unbanked and marginalized populations.</span>