ICICI Bank introduces UPI payments via RuPay credit cards; here's all you need to know
UPI payment via RuPay Credit Cards: ICICI Bank customers with this integration can link their RuPay Credit Cards to UPI to carry out Person-to-Merchant (P2M) transactions online. For instance, shopping, payment of utility bills—and offline- such as payments at a POS (point of sale) machine.
UPI payment via RuPay Credit Cards: Private sector lender ICICI Bank announced that it has integrated its RuPay Credit Cards with Unified Payments Interface (UPI) transactions on Friday, December 1. ICICI Bank customers with this integration can link their RuPay Credit Cards to UPI to carry out Person-to-Merchant (P2M) transactions online. For instance, shopping, payment of utility bills—and offline- such as payments at a POS (point of sale) machine.
Further, the user can earn reward points on their spends, ICICI Bank in its press release said. ICICI 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," the release further said.
SIP vs SSY: Start SIP in daughter's name or invest money in Sukanya Samriddhi Yojana? Know which may give better returns
Post Office Senior Citizen Savings Scheme 2024: Get Rs 12,300 interest every quarter on Rs 6 lakh investment in this guaranteed return investment scheme
NCLT approves Hinduja Group firm IndusInd International Holdings' resolution plan for Reliance Capital
GPT Healthcare IPO allotment status: Here's how to check allotment status online on BSE, Link Intime India
“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," Bijith Bhaskar, Head – Cards, ICICI Bank said.
Praveena Rai, Chief Operating Officer, NPCI while commenting on the partnership said “By merging UPI with RuPay Credit Cards, we are reshaping the landscape of digital payments."
How to link RuPay Credit Card with UPI on iMobile Pay; step-by-step guide:
- In iMobile Pay app, go to ‘UPI Payments’ > ‘Manage’ > ‘My Profile’ > ‘Create New UPI ID’.
- Select ‘RuPay Credit Card’ as the payment method.
- Pick the UPI ID you want to link > ‘Proceed’ and review the transaction details.
- Confirm the transaction by clicking ‘Confirm’
Here are a few key features of the offering
- Convenience and security
- Reward points
- Financial flexibility
For all other news related to business, politics, tech, sports and auto, visit Zeebiz.com.