Kotak Mahindra Bank allows customers to use RuPay Credit Cards on UPI

28 Jun 2023 , 03:18 PM

Kotak Mahindra Bank, in collaboration with the National Payments Corporation of India (NPCI), announced on Wednesday that its customers can now utilize their RuPay Credit Cards on UPI-enabled apps.

The bank offers a selection of seven RuPay Credit Cards that can be seamlessly used on the UPI platform, according to a statement issued by Kotak Mahindra Bank.

This integration eliminates the need for customers to physically use their credit cards, as payments can be made directly from the UPI app at merchant outlets equipped with QR codes and POS devices nationwide.

The linkage of Kotak RuPay Credit Cards to UPI provides numerous benefits, including simplicity and enhanced security, as customers are not required to carry their physical credit cards during transactions.

In addition to making payments for e-commerce and in-store transactions, customers can earn rewards on their RuPay Credit Card for UPI payments and enjoy an interest-free credit period of up to 50 days.

The RuPay Credit Cards will be linked to a Virtual Payment Address (VPA) or UPI ID, ensuring secure and protected payment transactions.

Customers have the flexibility to link their credit cards directly with their preferred UPI applications, such as BHIM, PhonePe, Paytm, Google Pay, Slice, MobiKwik, and more, at their convenience.

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