New Delhi, Nov. 12 -- The National Payments Corporation of India (NPCI) has introduced the 'UPI Vyapaar Saksham Scheme' to expand Unified Payments Interface (UPI) acceptance infrastructure among small merchants, offering incentives of Rs 300 per physical QR code and Rs 750 per soundbox deployed under the scheme, subject to eligibility conditions.

In a circular dated November 11, NPCI said the initiative aims to facilitate the onboarding of new small merchants and promote sustained growth in UPI transactions, particularly in smaller towns and underserved regions.

The scheme will focus on Tier 3 to Tier 6 centres, North-Eastern states, the Union Territories of Jammu and Kashmir and Ladakh, and eligible merchants covered under notified Cen...