Business Standard

Thursday, February 13, 2025 | 04:55 AM ISTEN Hindi

Notification Icon
userprofile IconSearch

SBI, Axis, ICICI Bank to go live on 'Rupay Credit card on UPI' by March

Move likely to cause a spike in daily transaction values on this feature, see many UPI users absorbed into credit card ecosystem

SBI, Axis, ICICI Bank to go live on 'Rupay Credit card on UPI' by March
Premium

Currently, three public sector lenders – Union Bank of India, Indian Bank, and Punjab National Bank – are live on this feature

Subrata Panda Mumbai
Leading credit card issuers SBI Card, ICICI Bank, and Axis Bank are expected to go live on RuPay credit card on UPI feature by March. The move will boost daily transaction values on this feature, which stand at Rs 50 lakh a day now, the chief exectuive officer of National Payments Payments Corporation of India (NPCI) told Business Standard.

Currently, three public sector lenders — Union Bank of India, Indian Bank, and Punjab National Bank — are live on this feature. Recently, the country’s largest credit card issuer, HDFC Bank, went live on the new UPI feature launched by NPCI,

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in