ICICI Bank on Friday, December 1, announced that it has integrated its RuPay Credit Cards with Unified Payments Interface (UPI) transactions. With this integration, ICICI Bank customers can link their RuPay Credit Cards to UPI to carry out Person-to-Merchant (P2M) transactions online- such as shopping, payment of utility bills—and offline- such as payments at a POS (point of sale) machine.
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Further, they can earn reward points on their spends, ICICI Bank said.
The bank has collaborated with National Payments Corporation of India (NPCI) to enable UPI transactions on its RuPay Credit Cards. The customers can link ICICI Bank Coral RuPay Credit Card, ICICI Bank HPCL Super Saver RuPay Credit Card and ICICI Bank Rubyx RuPay Credit Card to UPI. They can scan the merchant QR code and make the payment from their RuPay Credit Cards using any UPI payment app including iMobile Pay.
Bijith Bhaskar, Head – Cards, ICICI Bank said “The integration of RuPay Credit Cards with UPI provides customers with better financial liquidity by giving them interest-free credit for up to 50 days."
Commenting on the partnership, Praveena Rai, Chief Operating Officer, NPCI said “By merging UPI with RuPay Credit Cards, we are reshaping the landscape of digital payments."
Below are some key features of the offering:
Below are the steps to link RuPay Credit Card with UPI on iMobile Pay:
(Edited by : Anshul)
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