With Prime Minister Narendra Modi launching the country’s own prestigious multilateral payment system, Bhutan became the second country to launch RuPay Card. The PM, who is on a two-day visit to Bhutan, launched the RuPay Card by making a purchase at Simtokha Dzong, a fortress built in 1629 by Zhabdrung Ngawang Namgyal, who unified Bhutan.
“Bhutan is the second country this will be launched in after Singapore. This will be done in two phases — the first phase will be Indian banks will issue RuPay cards which can be used by Indian travellers in Bhutan, in a bid to ease tourism in the country,” Foreign Secretary Vijay Gokhale had stated at a presser preceding the PM’s visit.
“The next phase will be where the banks of Bhutan will be empowered to issue RuPay cards to Bhutanese citizens to use in India,” he had added. Earlier on 31 May 2018, PM Modi had launched the RuPay scheme in Singapore. The launch took place in parallel with related services offered by the NPCI, such as UPI and BHIM.
9 MoUs exchanged between New Delhi, Thimphu during PM Modi’s visit to Bhutan.