New Delhi, Nov 20: Prime Minister Narendra Modi along with his Bhutanese counterpart Lotay Tshering on Friday launched RuPay card Phase-II that will allow Bhutanese card holders to access the RuPay network in India.

The prime ministers of the two countries had jointly launched Phase-I of the project during Modi's state visit to Bhutan in August last year.

Also Read | Redmi Note 9 5G Series to Be Launched on November 26, 2020; Check Prices, Features & Other Details Here.

In his speech via video conferencing, Modi spoke about the deep cooperating between the countries in a gamut of fields, including ISRO's preparation to launch Bhutanese satellites into space and BSNL's agreement with Bhutan regarding third international internet gateway.

He also asserted that India stands solidly with Bhutan in this difficult hour of the COVID-19 pandemic, and said meeting the neighbouring country's requirements will always be its top priority.

Also Read | CBI Has Become ‘Pan Shop’ Under BJP Government, Says Maharashtra Minister Aslam Sheikh.

The implementation of Phase-I of RuPay cards in Bhutan has enabled visitors from India to access ATMs and Point of Sale (PoS) terminals across Bhutan. Phase-II will now allow Bhutanese card holders to access RuPay network in India, the Ministry of External Affairs had said in a statement.

The RuPay card is an Indian debit and credit card payment network, with acceptance at ATMs, POS devices and e-commerce websites. India and Bhutan share a special partnership, anchored in mutual understanding and respect, reinforced by a shared cultural heritage and strong people to people links, the MEA had said.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)