Question
______ has successfully enabled linkage of RuPay credit
cards with Unified Payments Interface (UPI). Customers can now use their RuPay credit card as a mode of payment while scanning UPI QR codes or at merchant’s UPI checkout page & will allow bank customers to receive credit card rewards and the lender is rolling out the functionality in phases.Solution
Axis Bank has successfully enabled linkage of RuPay credit cards with Unified Payments Interface (UPI). Customers can now use their RuPay credit card as a mode of payment while scanning UPI QR codes or at merchant’s UPI checkout page. The feature will allow bank customers to receive credit card rewards and the lender is rolling out the functionality in phases, Axis Bank has become the latest entrant in the list of banks that offer customers to link their RuPay credit card with UPI, with other banks being Canara Bank, HDFC Bank, Indian Bank, Punjab National Bank and Union Bank of India.
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