Utility Tips: Now a person will be able to make UPI payments through credit card also, RBI started service
Now the trend of digital transactions is increasing continuously in the country. The number of digital transactions in India has increased rapidly since the launch of UPI in 2016.
Now a big step has been taken by the Reserve Bank of India regarding digital transactions. Now RuPay credit card has been launched by RBI on UPI and UPI Lite networks.
With the launch of this new service by the Reserve Bank of India, people will now be able to make UPI payments through credit cards as well. This move of the Reserve Bank of India will help in expanding the credit ecosystem.
According to reports, NPCI has informed that the RuPay credit card will now be linked to the virtual payment address. This will help the person to complete the safe and secure transaction. Till now, the facility of linking RuPay credit cards with UPI is being provided by Punjab National Bank, Union Bank of India, and Indian Bank only.