Paytm Payments Bank introduces RuPay credit card on UPI — How it works

The Reserve Bank of India (RBI) approved linking of RuPay credit cards with UPI for a digitally enabled credit card lifecycle experience for users. For seamless and secure transactions, users need to link their RuPay credit card to their UPI ID.

After linking the RuPay credit card to UPI ID, users can pay the merchants by scanning the UPI-enabled QR code via Paytm app, eliminating the need to carry cards all the time. Both offline and online payments will become faster as transactions can be done using the UPI ID linked to the RuPay credit card in a hassle-free manner.

Praveena Rai, COO, NPCI said, “RuPay Credit Cards on UPI provide an unmatched user experience by combining the ease of UPI with RuPay credit cards. The rewards and benefits of RuPay Credit Cards will further be enhanced with the experience of digital enablement and convenience of making all types of payments through a single UPI app. This will lead to a widespread usage of RuPay credit cards with convenient and faster payments across online and offline modes. We are very excited to launch RuPay Credit Cards on UPI with our home-grown Paytm Payments Bank.”

Surinder Chawla, MD and CEO, Paytm Payments Bank said, “We are launching payments through RuPay Credit Card on UPI in partnership with NPCI, and believe that this will enable convenience of payments, while also leading to greater penetration of the credit ecosystem in India.”