HDFC Bank gets RuPay credit cards onto UPI QR

MUMBAI: HDFC Bank has enabled RuPay credit card on UPI with BHIM and other UPIenabled apps for its customers. With this, holders of HDFC Bank’s RuPay credit cards can add their card details to a UPI app and select it as an account option while scanning a UPI QR code for payment. The announcement comes days after Paytm said it had enabled merchants to accept credit card payments on UPI QR.

It also makes HDFC Bank the first in private sector to go live on UPI with its RuPay credit card. PNB, Union Bank and Indian Bank were the first to announce the enablement of RuPay credit cards on UPI. “With the linkage of HDFC Bank’s RuPay credit cards to the UPI network, we are able to offer our customers even more flexibility and convenience to make digital payments. As India’s largest card issuer, it is our constant endeavour to ensure that our customers are able to choose the option that best suits their changing needs,” said Parag Rao, who heads payments, consumer finance & technology at HDFC Bank.

The National Payments Corporation of India has said for RuPay credit card transactions on UPI below Rs 2,000, there would not be any charge for the merchant. This will encourage even those merchants who do not accept credit cards for fear of the merchant discount rate eating into their margins to accept the RuPay option.