Good news for Credit Cardholders & UPI Payments..!?

With the changing times, the use of credit cards is increasing. people are getting more convenience in making payments through credit cards. At the same time, people also get various rewards for using credit cards. These rewards provide various benefits to the users. These rewards include cashback, discounts, etc. At the same time, many prefer to pay bills through UPI as well. Now users are going to get benefits both through credit cards and UPI.
Payment by credit card:

Credit card holders will soon be able to pay for goods and services through the United Payments Interface (UPI). Currently, UPI users are only allowed to make payments through their bank accounts. UPI payments through credit cards can only be made to merchants using the Razorpay Payments Gateway. With this, its platform will enable credit card transactions on UPI.
Credit Card and UPI:

According to Razorpay, it is the first payment gateway to adopt the NCPI (National Payments Corporation of India) feature that allows users to link their RuPay credit cards with UPI. Razorpay says the offer is in line with the latest innovations in the wallet PLATFORM' target='_blank' title='digital-Latest Updates, Photos, Videos are a click away, CLICK NOW'>digital sector by the National Payments Corporation of india (NPCI) and the bank OF INDIA' target='_blank' title='reserve bank of india-Latest Updates, Photos, Videos are a click away, CLICK NOW'>reserve bank of india (RBI). Now that RuPay credit cards are UPI enabled, Razorpay merchants can start accepting credit card payments on UPI with minimal changes to the existing system, Razorpay said. In partnership with Axis bank, this is made possible. At the same time, customers of hdfc bank, punjab National bank, Union bank, and indian bank will be the first to avail of it.
No need to carry a credit card:

By linking credit cards with UPI, customers no longer need to carry their credit cards with them all the time to make payments. This eliminates the risk of theft or loss of credit cards. It thereby increases security for customers. It also eliminates the possibility of skimming or copying sensitive customer information on swiping machines.

Transaction details:

According to RBI data, the credit card industry has grown by 30% in the last three years. Only 6 percent of indians use credit cards. At the same time, UPI recorded more than 731 crore transactions in october 2022 alone. It is used by more than 40% of Indians.

మరింత సమాచారం తెలుసుకోండి:

credit card holders

Sowmiya Sriram

10/12/2022 02:03 PM