Highlights

  • 594.63 crore UPI transactions in May
  • Rs 10.40 lakh crore processed through UPI in May

Latest news

Several areas in Mumbai waterlogged, heavy rain alert issued for 6 Maharashtra districts

Several areas in Mumbai waterlogged, heavy rain alert issued for 6 Maharashtra districts

UP man 'served chicken on paper with Hindu gods', arrested

UP man 'served chicken on paper with Hindu gods', arrested

'Darlings' teaser: Alia Bhatt's maiden production venture is 'thoda dark, thoda comedy'

'Darlings' teaser: Alia Bhatt's maiden production venture is 'thoda dark, thoda comedy'

Wimbledon 2022: Rafael Nadal reaches quarter-finals

Wimbledon 2022: Rafael Nadal reaches quarter-finals

James Cameron says he might not direct 'Avatar' 4 and 5. Here is why

James Cameron says he might not direct 'Avatar' 4 and 5. Here is why

Credit cards to be linked to UPI, kickstarting with RuPay

In order to further deepen the reach and usage, it is proposed to allow linking of credit cards to UPI: RBI

You will soon be able to spend your credit card balance via UPI.The Reserve Bank of India (RBI) on Wednesday announced that it has allowed the linking of credit cards with UPI. Which is a huge extension as at present, UPI facilitates transactions by linking savings or current accounts only through users' debit cards.

"In order to further deepen the reach and usage, it is proposed to allow linking of credit cards to UPI," RBI's statement noted.

To start with Rupay credit cards will be enabled with this facility. This arrangement is expected to provide more avenues and convenience to the customers in making payments through the UPI platform. This facility would be available after the required system development is complete.

The governor has also announced to raise the e-mandate for recurring payments on cards sharply with limit enhanced from ₹5,000 to ₹15,000 per transaction.

Up Next

Credit cards to be linked to UPI, kickstarting with RuPay

Credit cards to be linked to UPI, kickstarting with RuPay

Twitter India 'finally' in compliance with govt's new IT rules

Twitter India 'finally' in compliance with govt's new IT rules

Crypto crises in India continues; new TDS rule brings down trading volume

Crypto crises in India continues; new TDS rule brings down trading volume

EV companies under fire, govt sends show cause notice

EV companies under fire, govt sends show cause notice

Dressed as Zomato agent, man sends resume in pastry box. Find out what happened next

Dressed as Zomato agent, man sends resume in pastry box. Find out what happened next

Zurich, world’s 2nd most expensive city: here's the one place that beat it

Zurich, world’s 2nd most expensive city: here's the one place that beat it

More videos

Bezos vs Biden: Amazon founder is again taking on the US President

Bezos vs Biden: Amazon founder is again taking on the US President

Special treatment for Tesla not in India's interest: Ola Chief Bhavish Aggarwal

Special treatment for Tesla not in India's interest: Ola Chief Bhavish Aggarwal

British Army's Twitter, YouTube hacked to promote crypto scam

British Army's Twitter, YouTube hacked to promote crypto scam

Over 12,000 employees sacked by India startups in 2022: report

Over 12,000 employees sacked by India startups in 2022: report

Indigo crew on mass leave for job interviews?

Indigo crew on mass leave for job interviews?

Musk makes a comeback! This time with the Pope

Musk makes a comeback! This time with the Pope

Over 8000 flights delayed or cancelled, American airports in complete chaos

Over 8000 flights delayed or cancelled, American airports in complete chaos

On camera: Spicejet flight cabin fills with smoke, flight to return to Delhi

On camera: Spicejet flight cabin fills with smoke, flight to return to Delhi

BMW cars will adopt Android Automotive from 2023

BMW cars will adopt Android Automotive from 2023

DHFL fraud: Yes Bank to PM Housing Scheme, Rs 34,000 cr scam explained

DHFL fraud: Yes Bank to PM Housing Scheme, Rs 34,000 cr scam explained

Editorji Technologies Pvt. Ltd. © 2022 All Rights Reserved.