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.