UPI apps. This will further enhance the avenues for customers using SBI Card on the RuPay platform on UPI merchants, thus facilitating enhanced, convenient, and seamless payments experience. “With this functionality, the SBI Card customers will be able to use their SBI Card-issued RuPay credit cards on the UPI platform.
Today, UPI has become a massive digital platform enabling millions of transactions every day. This should give our customers greater flexibility and mobility along with hassle-free usage. With this, the industry will witness a significant increase in credit card usage," Rama Mohan Rao Amara, MD&CEO, SBI Card said.
“The addition of SBI RuPay Credit Cards on UPI rails is a big milestone in the growth trajectory of digital payments in India. This partnership will enable seamless UPI payments for SBI RuPay credit cardholders, providing them a digitally enabled credit card lifecycle experience. With the rising demand for credit cards in the country, it becomes imperative to continuously build innovative payment solutions such as linking RuPay Credit Cards with UPI, that are convenient, swift, and secure," Dilip Asbe, MD & CEO, NPCI, said.
Cardholders can enroll their active primary cards on UPI and make payments to merchants (P2M transactions) using their credit cards. This facility is free for customers. To ensure successful credit card linking with UPI, it is important to note that the cardholder’s mobile number registered with SBI Card should also be linked with UPI.
-Download the preferred UPI Third Party Application from the Play /App Store. -Verify your Mobile Number on the UPI App and complete registration. -Post successful registration, select the option “Add Credit Card/ Link Credit Card".
Read more on livemint.com