Business
PhonePe becomes first payment app to link 2 lakh RuPay credit cards to UPI
![](https://cdn.indialife.us/featured-image/migrated204592resize_1685110266_1711210599.jpg)
New Delhi, May 26
Leading fintech company PhonePe has announced that the company has become the first digital payments app to successfully enable the linkage of two lakh RuPay credit cards to the Unified Payments Interface (UPI). It has also processed a Total Payment Value (TPV) of Rs 150 crore via RuPay Credit on UPI.
The company said it aims to offer a comprehensive suite of solutions for RuPay Credit on UPI in partnership with NPCI to popularise its usage among the customers and merchants alike.
The company has already enabled the acceptance of RuPay credit cards on UPI across 12 million merchant outlets in the country, achieving the highest merchant penetration in the ecosystem.
"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.
Moreover, PhonePe mentioned that the overall widespread acceptance of UPI has ensured that customers have ample opportunities to utilise their RuPay credit cards for transactions. On the consumer side, the company is driving the adoption through seamless and intuitive nudges on the PhonePe app.
These contextual communications are encouraging customers to adopt RuPay credit cards through UPI as their preferred payment option.
Moving forward, PhonePe will continue to collaborate closely with NPCI to scale the RuPay Credit penetration in the country through enhanced functionalities.
![](https://cdn.indialife.us/featured-image/image_1722048152.png?width=80&height=70&aspect_ratio=8:7)
15 minutes ago
Paris accords 'thunderous' welcome to 2024 Games, crowd go 'Gaga' over Nadal
![](https://cdn.indialife.us/featured-image/image_1722048079.png?width=80&height=70&aspect_ratio=8:7)
17 minutes ago
Paris Olympics: Sindhu, Sharath lead India as Games start with spectacular Opening Ceremony
![](https://cdn.indialife.us/featured-image/image_1722046590.png?width=80&height=70&aspect_ratio=8:7)
41 minutes ago
Dr. Usha Somasundaran Passes Away
![](https://cdn.indialife.us/featured-image/image_1722027106.png?width=80&height=70&aspect_ratio=8:7)
6 hours ago
We can no longer afford to view ourselves as isolated islands: Mata Amritanandamayi Devi (Interview)
![](https://cdn.indialife.us/featured-image/image_1722022765.png?width=80&height=70&aspect_ratio=8:7)
7 hours ago
Paris Olympics: Lady Gaga sets stage on fire as rain lashes Opening Ceremony
![](https://cdn.indialife.us/featured-image/image_1722022687.png?width=80&height=70&aspect_ratio=8:7)
7 hours ago
Paris Olympics: PM Modi extends his best wishes to the Indian contingent as the Games commence
![](https://cdn.indialife.us/featured-image/image_1722022624.png?width=80&height=70&aspect_ratio=8:7)
7 hours ago
Paris Olympic: Team GB complains about food in Athletes Village
![](https://cdn.indialife.us/featured-image/image_1722022056.png?width=80&height=70&aspect_ratio=8:7)
7 hours ago
Trump receives Netanyahu, wife at Mar-a-Lago
![](https://cdn.indialife.us/featured-image/image_1721997421.png?width=80&height=70&aspect_ratio=8:7)
14 hours ago
India Stands by Its Ties with Russia, Defends Freedom of Choice Amid US Criticism
![](https://cdn.indialife.us/featured-image/image_1721997156.png?width=80&height=70&aspect_ratio=8:7)
14 hours ago
New Jersey Man Faces Terrorism Charges in Salman Rushdie Attempted Murder Case
![](https://cdn.indialife.us/featured-image/image_1721996134.png?width=80&height=70&aspect_ratio=8:7)
14 hours ago
Indian Man Receives 12-Year US Prison Sentence for Criminal Activity
![](https://cdn.indialife.us/featured-image/image_1721995502.png?width=80&height=70&aspect_ratio=8:7)
14 hours ago
US: Kamala Harris Condemns Flag Burning During Netanyahu's Congress Address
![](https://cdn.indialife.us/featured-image/image_1721994984.png?width=80&height=70&aspect_ratio=8:7)
15 hours ago
Indian American Congressman Rep. Thanedar Named Ranking Member of Two House Subcommittees