The bank’s payments country head Parag Rao said the move will give customers more convenience to make digital payments. “We believe linking RuPay Credit Card to UPI will transform the digital payments ecosystem. And encourage adoption of UPI across businesses with multiple use cases.” NPCI Chief Operating Officer Praveena Rai said.
From now on, HDFC Bank’s RuPay credit card holders can add their card details to a UPI app and select the account option while scanning the UPI QR code for payment. Days after Paytm announced that it has enabled merchants to accept credit card payments on UPIQR
Announcement by HDFC. Earlier, PNB, Union Bank and Indian Bank were the first to announce UPI enabled RuPay credit cards.
The National Payments Corporation of India has announced that no merchant will be charged for RuPay credit card transactions on UPI below Rs 2,000. This will encourage even merchants who don’t accept credit cards fearing the merchant discount rate to take up the RuPay credit card option.
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Last day, HDFC announced that it has launched an offline digital payment pilot project for customers to enable digital payments in areas with poor mobile network coverage, including small towns and villages. Under the Reserve Bank of India’s Regulatory Sandbox programme, HDFC Bank introduced the offline payment system in collaboration with Crunchfish. HDFC said the service will be available to customers of other banks through an invite link during a four-month trial phase.
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