Last year, RBI allowed UPI payments through credit cards but usage was limited. Now, Google has officially started supporting RuPay credit cards in India, apart from Paytm and PhonePe. This will help Google cater to the ever-growing popularity of Google Pay, which received 8.8 million in April 2023. Check out the details.
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Google Pay, in partnership with NPCI, has announced that RuPay credit card users will be able to make UPI payments through the platform. Users simply need to link their RuPay credit card to Google Pay to make online and offline payments.
Currently, this feature is live for RuPay cardholders of HDFC Bank, Axis Bank, Punjab National Bank, Bank of Baroda, Canara Bank, Indian Bank, Kotak Mahindra Bank and Union Bank of India. More banks are expected to follow shortly.
Commenting on the partnership, Nalin Bansal, Chief Relationship Management and Key Initiatives of Corporate Business from NPCI said, “We believe this service will mature to provide access to digital credit on demand and consumers will be able to make payments by leveraging of inherent security and accessibility of the UPI network across both offline and online platforms. We are excited to partner with Google Pay as we believe this combination will play a critical role in democratizing credit in India."
