In the present era, transactions through Unified Payment Interface (UPI) have increased very fast. Through this facility, you can send money to anyone anytime and from anywhere within a few seconds.
Although earlier the facility of UPI payment was available only through bank account. Now many banks have started the facility of UPI payment through credit card. In this episode, Kotak Mahindra Bank Rupay Credit Card users of private sector will also be able to take advantage of this facility.
Kotak Mahindra Bank’s RuPay Credit Card can be used through select UPI-enabled apps such as BHIM, Paytm, PhonePe, Freecharge, PayZapp. This means that now Kotak Mahindra Bank customers will be able to link their RuPay Credit Card with select UPI apps. You will be able to make UPI payments in exactly the same way as you do with a bank account. Just here the money will be deducted from your Rupay credit card.
The facility of Rupay Credit Card on UPI was started last year.
Let us tell you that Rupay Credit Card on UPI facility was started last year. Now you will be able to pay by credit card by scanning at the neighborhood shop. However, through RuPay Credit Card, you can pay only by scanning the Merchant UPI QR Code. Can’t make P2P payments.
Customers of 8 banks are getting the facility to make UPI payments through credit cards.
Rupay credit of 8 banks has gone live on selected UPI apps like Bhim, Paytm, PhonePe, PayZap, Freecharge. In future, you will be able to link your RuPay Credit Card with other UPI apps as well. Currently, Kotak Mahindra Bank, Axis Bank, Bank of Baroda, HDFC Bank, Punjab National Bank, Union Bank of India, Indian Bank and Canara Bank Rupay credit card holders can link their cards to select UPI apps.
How to link RuPay Credit Card with BHIM App
- First open the BHIM app.
- After this click on the linked bank account.
- Now on clicking on +, 2 options appear in Add Account – Bank Account and Credit Card.
- After clicking on the credit card, on clicking on the related card, the details of the credit card linked to your mobile number will come. (You can also do this process after clicking on the banner Rupay Credit Card on UPI appearing on the home page.)
- Now enter the last 6 digits and validity of the credit card.
- After this enter the OTP received on the mobile.
- Create UPI PIN. In this way the process of registration will be completed.
