Now, HDFC Bank customers can link Rupay credit cards to UPI
HDFC Bank has become the first private sector lender to offer its customers the option to use their Rupay credit cards on the unified payments interface (UPI).
HDFC Bank has become the first private sector lender to offer its customers the option to use their Rupay credit cards on the unified payments interface (UPI).
Till last year, UPI was being linked to savings accounts from where the payments used to be debited.
From now on, HDFC Bank Rupay credit cards can be linked to a UPI ID enabling a customer to use the credit card on popular payments platforms.
Click Here For Latest Updates On Stock Market | Zee Business Live
The bank's country head for payments Parag Rao said this move will offer customers even more flexibility and convenience to make digital payments.
"We believe linking Rupay credit card on UPI to be a game-changer for the ecosystem and will give impetus to the adoption of UPI across businesses with multiple use cases," National Payments Corporation of India (NPCI) chief operating officer Praveena Rai said.
Also read- What is credit card balance transfer? How it can help you save money - Know details
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
Fundamental picks by brokerage: These 3 largecap, 2 midcap stocks can give up to 28% return - Check targets
SBI Senior Citizen Latest FD Rates: What senior citizens can get on Rs 7 lakh, Rs 14 lakh, and Rs 21 lakh investments in Amrit Vrishti, 1-, 3-, and 5-year fixed deposits
Tamil Nadu Weather Alert: Chennai may receive heavy rains; IMD issues yellow & orange alerts in these districts
SIP+SWP: Rs 10,000 monthly SIP for 20 years, Rs 25 lakh lump sum investment, then Rs 2.15 lakh monthly income for 25 years; see expert calculations
Top 7 Mutual Funds With Highest Returns in 10 Years: Rs 10 lakh investment in No 1 scheme has turned into Rs 79,46,160 in 10 years
SIP vs PPF: How much corpus you can build in 15 years by investing Rs 1.5 lakh per year? Understand through calculations
07:53 AM IST