NPCI plans to link RuPay credit cards to the UPI within the next two months

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The National Payments Corporation of India (NPCI) plans to link RuPay credit cards to the Unified Payments Interface (UPI) within the next two months.

“We hope to have the RuPay credit card linked to UPI operational in a couple of months.” “We’re talking to BoB Cards, SBI Cards, Axis Bank, and Union Bank of India,” NPCI MD and CEO Dilip Asbe said at an event. “We should be able to submit our proposal to the Reserve Bank of India (RBI) in 10 days.” UPI, which was launched by the NPCI in 2016, currently allows users to link bank accounts that are linked to a mobile number. Users can use their debit cards to make payments using third-party apps such as Google Pay and PhonePe, among others. The Reserve Bank of India announced plans last month to allow credit cards to be linked to UPI.

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NPCI plans to link RuPay credit cards to the UPI within the next two months

The National Payments Corporation of India (NPCI) plans to link RuPay credit cards to the Unified Payments Interface (UPI) within the next two months.

“We hope to have the RuPay credit card linked to UPI operational in a couple of months.” “We’re talking to BoB Cards, SBI Cards, Axis Bank, and Union Bank of India,” NPCI MD and CEO Dilip Asbe said at an event. “We should be able to submit our proposal to the Reserve Bank of India (RBI) in 10 days.” UPI, which was launched by the NPCI in 2016, currently allows users to link bank accounts that are linked to a mobile number. Users can use their debit cards to make payments using third-party apps such as Google Pay and PhonePe, among others. The Reserve Bank of India announced plans last month to allow credit cards to be linked to UPI.

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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