Prime Minister of India Narendra Modi and Bhutan Prime Minister Lotay Tshering virtually launched RuPay card Phase-II, to allow Bhutanese cardholders to access RuPay network in India. In August 2019, PM Modi and his Bhutanese counterpart jointly launched Phase-I of the project.
WARRIOR 4.0 | Banking Awareness Batch for SBI, RRB, RBI and IBPS Exams | Bilingual | Live Class
The implementation of Phase-I of RuPay cards in Bhutan has enabled the visitors from India to access ATMs and Point of Sale (PoS) terminals across Bhutan. Phase-II will now allow Bhutanese cardholders to access RuPay network in India.
Important takeaways for all competitive exams:
- Bhutan Capital: Thimphu.
- Bhutan Currency: Bhutanese ngultrum.
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