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MobiKwik launched RuPay Credit card on UPI

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Finance Ninja
abhishek012

MobiKwik launched RuPay Credit card on UPI:

MobiKwik has become of the first fintech apps to support RuPay Credit Cards on UPI.

Note- first add any saving/salary/pension account on Mobikwik UPI and then linked RuPay Credit Cards on UPI.

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MobiKwik has become of the first fintech apps to support RuPay Credit Cards on UPI. The facility will help millions of customers who use UPI for their daily transactions. In a statement, MobiKwik said that with RuPay Credit Cards now linked directly to UPI IDs, customers can easily make payments to merchants by scanning the UPI QR code and using UPI PIN for payment authentication.

This feature will provide a smooth and secure payment experience for MobiKwik’s customers. It will also open up new opportunities for merchants to be part of the credit ecosystem with the acceptance of credit cards using asset-lite QR codes without the need for point-of-sale (POS) terminals, it added.

“As the first app to support credit cards on UPI, we are proud to lead the way towards financial inclusion. We are excited to see the impact this will have on the Indian economy and look forward to continuing to bring more innovative solutions to the market. This offering will revolutionize the way Indians use credit cards and is aimed at driving the growth of digital finance and increasing coverage on the UPI side,” said Chandan Joshi, Co-Founder & CEO, Consumer Payments, MobiKwik.

This integration will also help in the development of new credit products on existing UPI rails that will drive credit penetration in tier 2, 3 & 4 areas in India that largely remain underserved, MobiKwik said.

RuPay Credit Cards are issued by all major banks (private and public sector), who are also issuing incremental cards for both commercial and retail segments. The integration of RuPay Credit Cards with UPI is in line with the National Payments Corporation of India (NPCI) and RBI’s vision to boost credit card acceptance across merchants in India that are not part of the credit ecosystem. The new feature will follow the existing UPI standard transaction limits.

“We are thrilled to partner with MobiKwik in this industry-first move to support credit cards on UPI. This integration will bring a seamless, digitally enabled credit card experience to Indians, providing them with increased ease and opportunity to use their credit cards. MobiKwik’s leadership in bringing innovations to the end user aligns with our goal of expanding the structured credit infrastructure in India” said Nalin Bansal, Chief of Corporate and Fintech Relationships and Key Initiatives, NPCI.

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21 Comments  |  
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Savings Mentor Savings Mentor
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Could add and link but then not showing up! Unlike other apps where it is properly linked.

Deal Cadet Deal Cadet
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I think 2000rs is maximum limit.
Benevolent Benevolent
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raised_hands fire

Deal Newbie Deal Newbie
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how to do it can't see any option

Finance Ninja Finance Ninja
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Update the mobikwik app and check, if not working then wait for few more weeks.

By the way first save any default saving/salary/pencion account on mobikwik UPI.
Pro Analyst Pro Analyst
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VISA ya MasterCard ko UPI se link karenge tabhi maanenge ki haan, kuch alag kiya hai MobiKwik ne.

Generous Generous
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is it just rupay prepaid?

Finance Ninja Finance Ninja
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RuPay credit card linked on UPI.

jo BHIM ne kiya hai.

@UniqueDimer RBI jab allow karega tab na, abhi koi UPI apps visa/matsercard link UPI supported nahi hai. Uppar se Visa/mastercard ko bhi allow karna hoga.

Philhal abhi NPCI, "Credit UPI" network build kar raha hai. MDR charges jald he apply ho jayega Merchants pe "Credit UPI" accept krne par.

Jaise Debit card network and credit card network hote hai.

Same Debit UPI network and Credit UPI network hoga.
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Finance Mentor Finance Mentor
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Choro, pehle yeh koi batao BoB rupay CC ka kuch khabar hai UPI linking me?

Deal Cadet Deal Cadet
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Which banks are supported...?

Hunk Hunk
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See the image in the description 🙂

Deal Newbie Deal Newbie
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While I was able to set hdfc savings account as primary for upi, when I was searching for hdfc rupay credit card, it's showing "you don't have any account with this bank"

Finance Ninja Finance Ninja
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Only HDFC RuPay Regalia currently supported, other HDFC RuPay credit card users wait 2-3 months.
Deal Newbie Deal Newbie
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Oh, that makes sense, thanks. Mine is hdfc rupay moneyback plus.

Generous Generous
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Tata neu ka kalyan kab hoga.. kab aayegi kripa.. lekar fase hain

Deal Subedar Deal Subedar
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It's working perfectly on MobiKwik app now after latest update

Finance Ninja Finance Ninja
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Great. Dnt forget to use for credit card to credit card bill pay via Amazon using your RuPay credit card link UPI.

@rajeshsns didn't saw your msg, limit is 1 lakh per day. first time UPI register limit is 5k for next 24-72hrs.
Generous Generous
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Except mobikwik,  which are the other apps like amazon upi, pPe, googlePe etc that support credit card upi linking ?

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