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NPCI Unveils Scheme To Boost UPI Adoption Among Small Merchants
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NPCI to Introduce UPI Vyapaar Saksham Scheme to Offer Incentives to Small Merchants, Aims to Promote Acceptance
The UPI Vyapaar Saksham Scheme could be launched soon by NPCI, as a leaked memo has surfaced online. The scheme aims to expand the acceptance of the digital payments interface, facilitate the onboarding of new merchants, and to grow the number of UPI transactions. The scheme will focus on Tier 3 to Tier 6 centres, North-Eastern states, and the Union Territories of Jammu and Kashmir and Ladakh. The UPI Vyapaar Saksham Scheme might have a sunset p…
·New Delhi, India
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NPCI said that its objective is to connect new small merchants with UPI and promote the continuous growth of UPI transactions, especially in smaller towns and areas where UPI penetration is still low.
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