SBI Card joins NPCI to facilitate its RuPay Credit Cards on UPI
By Gloria Mathias
SBI Card, one of India’s credit card issuers, and National Payments Corporation of India (NPCI) have announced linking SBI credit cards on the RuPay platform with UPI.
The cardholders can make UPI transactions through their credit cards issued on RuPay. The functionality can be availed by registering the credit card with third-party UPI apps.
Rama Mohan Rao Amara, MD&CEO, SBI Card said, “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.”
Dilip Asbe, MD & CEO, NPCI 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 with 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.”
Cardholders can enrol 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.
SBI Cards and Payment Services is a non-banking financial company that offers an extensive credit card portfolio to individual cardholders and corporate clients, which includes lifestyle, rewards, travel & fuel, and banking partnerships cards along with corporate cards covering all major cardholders’ segments in terms of income profile and lifestyle. It has a diversified customer acquisition network enables it to engage prospective customers across multiple channels.
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