PhonePe a leading Digital Wallet & online payment app has achieved a major milestone. The linkage of 2 lakh RuPay credit cards to UPI has been made possible by this online payment app. This will help customers to make in use their RuPay credit cards for transactions through UPI.
“We are thrilled to partner with the National Payments Corporation of India (NPCI) and become the first payments app to link two lakh RuPay credit cards to UPI. We believe that RuPay cards on UPI will revolutionise the access and use of credit in the ecosystem, and we are committed to offering comprehensive solutions that cater to the evolving needs of our customers and merchants,” said Sonika Chandra, Vice President, Consumer Platform and Payments, at PhonePe.
“Similar to any other credit instrument, MDR is applicable for RuPay on UPI and our merchant partners are enthusiastically adopting and driving the use of RuPay among the customers,” she added.
