Bank of Baroda RuPay Credit Card customers can now use BoB credit cards on UPI apps

Till date, only debit cards could be linked to UPI to do payments, but now the National Payments Corporation of India (NPCI) has created the payment and settlement infrastructure in India, that will enable connecting credit cards with the UPI too.

Now the users of the Bank of Baroda RuPay Credit Card can do transactions across all the merchant outlets with QR codes. (Image: Reuters)

BOB Financial Solutions Limited (BFSL), a wholly owned subsidiary of Bank of Baroda, and National Payments Corporation of India (NPCI) on Wednesday announced that Bank of Baroda Credit Card customers can now use their RuPay Credit Cards on UPI with BHIM and other UPI-enabled Apps. BOB Financial is one of the largest issuers of RuPay Credit Cards in the ecosystem.

Now the users of the Bank of Baroda RuPay Credit Card can do transactions across all the merchant outlets with QR codes and other payment devices in the country backed by the convenience and security assurance of UPI.

“UPI has revolutionised payments in the country and BOB Financial is pleased to partner with NPCI in enabling credit card transactions on UPI on the Bank of Baroda RuPay credit cards. Credit Card on UPI gives our customers access to the ease and convenience of transacting on UPI while they continue to enjoy the benefits of a credit card. And they do not even have to carry the card with them," Sanjiv Chadha, Managing Director & CEO, Bank of Baroda said.

TRENDING NOW

"With this launch, we expect a significant rise in the use cases for making payments via credit cards, resulting in our cardholders engaging much more with their Bank of Baroda RuPay Credit Card," he added.

Till date, only debit cards could be linked to UPI to do payments, but now the National Payments Corporation of India (NPCI) has created the payment and settlement infrastructure in India, that will enable connecting credit cards with the UPI too.

Commenting on the development, Dilip Asbe, Managing Director & CEO of NPCI, said, “UPI, India’s very own payment system, has witnessed a journey to be one of the most popular systems in India and now embarking on its global journey. The addition of Bank of Baroda Credit Cards on UPI rails is a big milestone in the growth trajectory of both RuPay and UPI."

"RuPay Credit Cards’ linking with UPI is transforming the way in which credit consumption is perceived by the users in the country. The seamless and digitally enabled lifecycle of a credit card utility for a customer, with the added benefits of rewards, shall catalyse our dream of underwriting every Indian,” he summed up.

Also Read: India's GDP grows at 6.1% in January-March 2023: Govt data

Also Read: Nifty Bank trims losses, ends 308 pts lower; Axis Bank slips 2%, HDFC Bank down over 1.5%

TAGS: