Google Pay launches RuPay credit cards support on UPI in India

New Delhi: Google Pay in conjunction with the National Payments Corporation of India (NPCI) on Tuesday rolled out support for RuPay credit cards on Unified Payments Interface (UPI).

The users can now link their RuPay credit cards with Google Pay to pay at all online and offline merchants where RuPay credit cards are accepted.

The feature is now available to RuPay credit card holders of Axis Bank, Bank of Baroda, Canara Bank, HDFC bank, Indian Bank, Kotak Mahindra Bank, Punjab National Bank and Union Bank of India, the company aid in a statement.

“This feature will give Google Pay users more flexibility and choice in making payments, and will drive greater adoption of digital payments in the country,” said Sharath Bulusu, Director of Product Management from Google.

To activate, users need to add the RuPay credit card to Google Pay. Users can tap on the “RuPay credit card on UPI” option in their profile and select the bank which issued their RuPay credit card.

Thereafter, users will need to set a unique UPI PIN by entering the last six digits of the card number and expiry, entering the OTP from their bank.

“The integration of RuPay Credit Card on UPI delivers a remarkable user experience seamlessly combining the convenience of UPI with the benefits of RuPay Credit Card,” said Nalin Bansal, Chief Relationship Management and Key Initiatives, Corporate Business from NPCI.

The Reserve Bank of India (RBI) had allowed linking of RuPay credit cards to the UPI platform in June 2022.

Meanwhile, the NPCI reported a massive jump in monthly transaction count as the UPI transactions touched 8.7 billion in March.

According to NPCI data, approximately 74 billion transactions worth Rs 125.94 trillion were conducted using UPI in calendar year 2022.

IANS

The 127-year-old Godrej empire split: How it was resolved amicably

New Delhi: In the increasingly contentious world of family business splits, the peaceful division of the 127-year-old Godrej empire worth $5.7 billion is a rare occurrence. According to the company,...

Sensex, Nifty witness worst week since March 15 amid Iran-Israel conflict

Mumbai: Ending a four-day losing streak, India's benchmark indices closed higher on Friday led by HDFC Bank and Bajaj Finance, among other factors. The Sensex ended 599 points, or 0.83...

UNCTAD forecasts India’s GDP growth at 6.5 pc in 2024

New Delhi: The latest UN Conference on Trade and Development (UNCTAD) report released on Tuesday forecasts global economic growth at 2.6 per cent in 2024 barely above the 2.5 per...

‘Above normal monsoon rainfall in 2024 bodes well for agricultural sector’

Chennai: The India Meteorological Department's (IMD) above-normal rainfall forecast for 2024 southwest monsoon (June-September) bodes well for the agriculture sector and will also keep a check on food prices, an...

RBI projects GDP growth at 7 pc for 2024-25, retail inflation seen at 4.5 pc

Mumbai: India's GDP growth for 2024-25 is projected at 7 per cent while the forecast for inflation for the year has been retained at 4.5 per cent, RBI Governor Shaktikanta...

RBI leaves key repo rate unchanged, focus on keeping inflation in check

Mumbai: The Reserve Bank of India (RBI), on Friday, left the key policy rate unchanged at 6.5 per cent in its monetary policy review for the seventh consecutive time, with...

RBI may cut repo rate only in Q3 FY25: SBI economist

Chennai, April 2 (IANS) The Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) may cut repo rate only in the third quarter of FY25 and not before, said a...

World should develop the concept of Green GDP: PM Modi

New Delhi: Prime Minister Narendra Modi on Friday said India is making rapid advancements in the renewable energy sector, like solar, wind energy and green hydrogen, thus building 'Green GDP'...

US court orders Byju’s to freeze $533 million owed to lenders

New York: The steering committee representing term-loan lenders of Byju's $1.2 billion loan on Friday said that a US judge has ordered to prohibit further movement or use of $533...

Strong demographic trend a structural positive for India: Morgan Stanley

New Delhi: India’s demographic trend of a younger workforce positions it positively as most large economies face shrinking working-age populations and tight labour markets, global brokerage, Morgan Stanley said. Per...

EAM Jaishankar calls FTA with four European nations ‘a bold achievement’

New Delhi: Calling the signing of the India-EFTA Trade and Economic Partnership Agreement (TEPA) a "bold achievement", External Affairs Minister S. Jaishankar said on Sunday that the move reflects a...

India has 8,000 startups led by women with $23 bn in funding: Report

New Delhi: India is now home to more than 8,000 startups that have women founders with a cumulative funding of nearly $23 billion till now, a report showed on Thursday....

Read Previous

Erdogan receives presidential candidate’s support in election runoff

Read Next

realme transforming smartphone landscape with next-level innovations

Leave a Reply

Your email address will not be published.

WP2Social Auto Publish Powered By : XYZScripts.com