Axis Bank enables UPI for RuPay credit cards: How it works

This feature will currently work in UPI apps which are supporting the RuPay Credit Card feature and the customers have RuPay Credit Card with Axis Bank.

Commenting on the launch, Sanjeev Moghe, President & Head - Cards and Payments, Axis Bank, said “With approximately 250 million customers using UPI for their peer-to- peer and merchant payments, the linkage of RuPay Credit Cards with UPI will lead to a rise in acceptability through the vast network of five crores UPI merchants, providing customers with more points of acceptance of their credit cards."

"Till now, such customers could only use their bank accounts for all scan and pay and other forms of UPI merchant payments. In the future, UPI can act as a standalone payment gateway where various forms of payment instruments like bank accounts, credit cards, PPI wallets can be linked. It is also beneficial to merchants, especially those in semi-urban areas, where card point-of-sale terminals are not widely available as UPI is one of the cheapest asset light payment acceptance solution," he said.