Make UPI Payment with the help of credit card: At the Global Fintech Festival, Reserve Bank of India Governor Shaktikanta Das launched the Rupay credit card on the UPI network.
Currently only debit card and Accounts can be linked (RBI) is constantly making changes to promote digital payment. After RBI MPC meets June 2022, the Central Bank had linking the credit card to UPI. This is good
news for crores of people using UPI for online payment and transaction (Digital transaction). Now it has been possible that people can make payment through UPI not only from Saving Account or Current Account but
also from Credit Card.
It is just you have to scan the QR code with Rupay credit card and the payment is done. After the introduction of this facility, users of Rupay credit card will be able to make payments so easily in POS machines without
swiping the card.
Experts say that with this facility of the Reserve Bank, the credit card market can increase up to five times.
First available to the customers of PNB, Union Bank of India and Indian Bank
There are three banks / Punjab National Bank, Union Bank of India and Indian Bank is going to give benefit of this facility to their customers. On the launch of the new facility, Nandan Nilekani, non- executive chairman of
Infosys, said that RBI has emerged as a world leader in bringing regulation and innovation.
These banks are giving Rupay credit cards
- State Bank of India (SBI)
- Punjab National Bank (PNB)
- Bank of Baroda (BOB)
- IDBI Bank
- Union Bank of India
- Saraswat Bank
- Federal Bank
How to link credit card to UPI
- First of all open UPI Payment app.
- Click on profile picture
- Go to Payment setting option
- Select the Add credit / Debit card option.
- Enter card number valid, CVV, name of card holder etc.
- After entering the entire information click on the save button.
In this way payments are done by credit card as soon as you initiate the payment from the UPI app, an OTP will be sent to your registered mobile number. Once the OTP is submitted your payment will be completed.
