BHIM app will help Indian businesses, tourists in the country with cashless transactions and will give a flip to Bhutanese businesses as well.
2019 saw the RuPay card being launched in Bhutan during the visit of Indian PM Narendra Modi. Phase 2 of RuPay was launched last year. RuPay is an Indian payment gateway like a visa or Mastercard and is now available in many countries in the region like Singapore, Maldives, UAE, Bahrain, and Saudi Arabia.
India and Bhutan share a very close relationship, defined as a “special relationship”. Amid the covid crisis, India sent out medicines and vaccines to the country. Bhutan also reached out to India by supplying 40 metric tonnes of liquid Oxygen to Assam.