India is actively encouraging digital payments by using methods like UPI, offering rewards and expanding internationally. With more real time transactions happening around the world, the country aims to lead the way in digital payment technology and make financial services available to everyone.
A UPI credit card lets you use your credit card through a UPI app to make payments. This means you don’t need to carry a physical card. You can link your credit card to the UPI app and pay easily.
PM Modi’s Vision: Strengthening Regional Trade and Tourism Through UPI Integration with BIMSTEC Nations”
As more and more real-time transactions happen worldwide, India is working hard to promote digital payments through UPI, rewards programs, and expanding internationally. The goal is to lead in digital payment technology and make financial services available to everyone.
On April 4, Prime Minister Narendra Modi suggested connecting India’s UPI system with the payment systems of BIMSTEC countries. This move is aimed at boosting trade, business, and tourism within the region.
BIMSTEC countries include India, Bhutan, Bangladesh, Myanmar, Thailand, Nepal, and Sri Lanka.
Features of UPI Credit Card:
- You don’t need to carry a physical credit card.
- Once you link your credit card to UPI, you can easily make payments.
- The payment is charged to your credit card, not your bank balance.
- It’s a secure way to pay since you don’t need to carry a card with you.
Benefits of UPI Credit Card:
- It’s convenient because you don’t need to enter your credit card details every time you make a payment.
- You can buy things up to your credit card limit, without worrying about your bank balance, since you get time to pay the bill later.
- You can earn cashback and rewards on every transaction. The rewards and cashback amount may vary depending on your bank.
- UPI credit cards allow instant payments.
- UPI transactions are now widely accepted.
How to Link Your Credit Card with UPI:
- Open your UPI app.
- Tap on ‘Link Credit Card’.
- Select your bank name.
- Choose your card type.
- Set your UPI PIN.
Banks That Offer UPI Credit Cards:
- SBI Cards
- HDFC Bank
- ICICI Bank
- Axis Bank
- Kotak Mahindra Bank
- Punjab National Bank
- Union Bank of India
- Canara Bank
- IDFC Bank
- Yes Bank
- Federal Bank
- IndusInd Bank
- AU Small Finance Bank
- Indian Bank
- Catholic Syrian Bank
- BOB Financial Ltd
Also Read: Share Market Bloodbath: Sensex Crashes 930 Points To Settle – What’s Behind The Drop?
