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Bhutan Becomes First Country To Adopt India’s Unified Payment Interface (UPI): Fin Min
Finance Minister Nirmala Sitharaman launched BHIM-UPI services in Bhutan in a virtual ceremony, making it the first neighboring country to adopt the services
Credit: PTI/WWW BHIMUPI ORG/MOF GOV BT
On Tuesday, July 13, Finance Minister Nirmala Sitharaman launched BHIM-UPI services in Bhutan via a virtual press conference. With this launch, Bhutan becomes the first country to adopt India’s Unified Payment Interface (UPI) and the second country after Singapore to have BHIM-UPI acceptance at merchant locations.
Bhutan is the first country to adopt UPI standards for its QR deployment, and the first country in our immediate neighbourhood to accept mobile based payments through the BHIM App. (9/9)
Bhutan To Become First Country To Adopt UPI
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Bhutan first country to adopt UPI; FM hails platform s role during lockdown
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Singapura Finance sells stake in Matchmove PowerBank on SG digibank loss
MatchMove at the Singapore Fintech Festival. Photo: MatchMove
May 25, 2021
Singapore Exchange (SGX)-listed lender Singapura Finance has disposed of all its shares in MatchMove PowerBank, a subsidiary of MatchMove Pay, for $1 million, according to an SGX filing. The shares represented roughly 10% of PowerBank’s share capital.
In return, Singapura Finance will receive shares in MatchMove, which increases its shareholding in the firm from 1.6% to 1.9% on a fully diluted basis.
The transaction rationale was explained to be the result of PowerBank not obtaining a digital full bank licence in Singapore last year.