Rupay credit card

In March 2012, NPCI (National Payment Corporation of India) launched RuPay, India’s own payment network on the recommendation of the RBI (Reserve Bank of India). The idea was conceptualized in 2009, when RBI entrusted NPCI with the task of developing an indigenous payment network similar to Visa and MasterCard for processing card-based digital payments in the country. Here is a list of the best RuPay credit cards offered by the various credit card issuers in the country. 10 Best Rupay Credit Cards in India #1. HDFC Bank UPI Rupay Credit Card HDFC Bank has recently launched the UPI Rupay Credit Card virtually, no physical card is sent to you. HDFC Bank is the first private sector financial institution to enable their credit card on UPI. This Additionally, you can earn reward points for UPI payments made using this credit card. The UPI Fees & Charges • Joining Fee – Rs. 250 • Annual Fee – Rs. 250 • Annual Fee Waiver – Annual fee waiver on spending Rs. 25,000 or more in the card anniversary year. Rewards/CashPoints • Get 3% cashpoints on grocery, supermarket, dining, and all PayZapp transactions with max cap 500 cashpoints per month. • 2% cashpoints on utility spends (max cap 500 cashpoints per month). • Get 1% cashpoints on all other spends at cap 500 cashpoints per month. • No reward points on fuel, wallet load, EMI, rent payment, and govt payments. Reward Redemption Value • You can redeem cashpoints against the credit card balance, where 1 Cashpoint = Rs. 0.25. The maximum...

India's central bank, the RBI, is taking steps to boost the international presence of its domestic RuPay card, which has over 672 million debit card users, by allowing the issuance of foreign currency cards, including prepaid forex cards. Experts say the move will increase acceptance of RuPay overseas, allow corporates and individuals to use the cards abroad, and position it alongside global payment networks like Mastercard and Visa. The RBI also approved the use of RuPay credit cards on UPI, a facility its rivals don't have access to so far. Bhutan, Singapore, UAE and Nepal have already operationalized RuPay cards. RBI’s latest step is to let RuPay issue foreign currency cards, so far available only to rival card networks. Experts have termed this as an attempt by the central bank to internationalize RuPay. On Thursday, the regulator allowed issuance of RuPay prepaid forex cards by banks in India for use at ATMs, point of sale (PoS) machines and online merchants overseas. In June 2022, RBI approved the use of RuPay credit cards on UPI (unified payments interface), a facility its rivals don’t have access to so far. Experts said issuance of forex cards would increase the acceptance of RuPay overseas and allow corporates and individuals to use these cards during travel abroad. “The decision to internationalize the issuance and acceptance of RuPay, coupled with the permission for banks to issue RuPay prepaid forex cards, will position RuPay alongside leading global payment ne...

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We have launched the next-generation Paytm SBI Card on the RuPay network, in partnership with India’s largest pure-play credit card issuer SBI Card. With this launch, three homegrown brands – Paytm, SBI Card and National Payments Corporation of India’s (NPCI) RuPay – have joined forces to further boost credit inclusion in the country. Our partnership with SBI Card, which began in 2020, is now expanding with the addition of RuPay credit cards, to drive the growth of inclusive, digital-first financial services in India by bringing ‘new to credit’ users into the formal economy. The newly-launched co-branded card redefines the credit card experience by offering exceptional rewards and benefits for its users. Through this card, customers will soon be able to make UPI payments by scanning our pioneered QR codes, adding more convenience to their lives. As a Welcome Benefit, customers can enjoy exclusive privileges worth up to ₹75,000 with a complimentary Paytm First Membership that also includes OTT platform membership, flight tickets discounts through our app. Designed for the digitally savvy, the cards offer rewards and savings when used on our app and millions of online and offline stores. Cardholders receive cashback of 3% on Paytm SBI Card on booking movie and travel tickets through our app, 2% cashback on all other purchases through our app, and 1% cashback on spends elsewhere. “India is at the cusp of the next payments revolution where credit will become the mainstream pay...

In recent years, the Unified Payments Interface (UPI) has experienced a remarkable surge in popularity throughout India. Consider this: In March 2023, the Reserve Bank of India (RBI) said daily UPI transactions crossed 360 million. The integration of UPI with third-party applications such as Google Pay, Paytm, PhonePe, and BHIM enables users to initiate transactions through their bank accounts and debit cards effortlessly. But now these platforms have extended their capabilities to select credit cards, offering users a broader range of payment options.  First things first: To utilise UPI with your credit card, you’ll need to apply for a RuPay credit card from a bank that supports this UPI feature such as Bank of Baroda, Axis Bank, HDFC Bank, Punjab National Bank, Kotak Mahindra Bank, Union Bank of India among others. Once approved, you can manually link your physical card to payment apps that are compatible with credit transactions on UPI. Step 2: Click on your profile at the right or left-hand corner  Step 3: Set up payment methods Step 4: Add RuPay credit card Step 5: Enter the card details including, the expiry date, and PIN of your RuPay credit card Step 6: Activate the card. To activate it, Tap “RuPay credit card on UPI” in your profile Step 7: Your RuPay credit card is now ready for UPI payments. Using the steps above RuPay Credit Card customers can directly link their credit cards with the UPI applications of their choice, such as BHIM, PhonePe, Paytm,...