In a major development, Google Pay has introduced support for RuPay credit cards on the Unified Payments Interface (UPI) platform in collaboration with the National Payments Corporation of India (NPCI). This move comes after the Reserve Bank of India (RBI) allowed the linking of RuPay credit cards to UPI in June 2022. Users can now seamlessly link their RuPay credit cards to Google Pay and make payments at both online and offline merchants accepting RuPay credit cards. Let’s delve into the details of this exciting new feature.
Expanded Payment Options with RuPay Credit Cards
Google Pay users in India can now enjoy increased flexibility and choice by adding their RuPay credit cards to the platform. By linking their RuPay credit cards, users can easily make payments using Google Pay at a wide range of merchants accepting RuPay credit cards.
Participating Banks and Activation Process
The feature is currently available for RuPay credit card holders from several leading banks, including Axis Bank, Bank of Baroda, Canara Bank, HDFC Bank, Indian Bank, Kotak Mahindra Bank, Punjab National Bank, and Union Bank of India. To activate the feature, users need to follow a simple process.
First, users should add their RuPay credit card to Google Pay. In the profile settings, they can locate the “RuPay credit card on UPI” option and select the bank that issued their RuPay credit card. Next, users need to set a unique UPI PIN by entering the last six digits of their card number and its expiry date, followed by entering the OTP received from their bank.
Enhancing User Experience and Promoting Digital Payments
The integration of RuPay credit cards on UPI through Google Pay aims to provide a seamless and enhanced user experience. By combining the convenience of UPI with the benefits of RuPay credit cards, this feature offers users a powerful and efficient payment solution. Moreover, it is expected to drive greater adoption of digital payments in the country.
Impressive Growth of UPI Transactions
The launch of RuPay credit card support on UPI comes amidst impressive growth in UPI transactions. According to the NPCI, UPI transactions reached a staggering 8.7 billion in March alone. In the entire calendar year 2022, approximately 74 billion transactions worth Rs 125.94 trillion were conducted using UPI, as per NPCI data.
With Google Pay’s new offering, the landscape of digital payments in India is set to witness further advancements, empowering users with more convenient and secure payment options.
