RuPay Credit cards can now be linked to a UPI ID thus directly enabling safe, and secure payment transactions. Credit Cards on UPI will provide a seamless, digitally enabled credit card lifecycle experience for the customers.
Customers will benefit from the ease and the increased opportunity to use their credit cards. Merchants will benefit from the increase in consumption by being part of the credit ecosystem with acceptance of credit cards using asset lite QR codes.
There will be no charge for RuPay credit card use on Unified Payments Interface (UPI) for transactions up to Rs 2,000 in line with the RBI direction.
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