Canara Bank has launched a UPI payment service for retailers through RuPay Credit Card if you want to make a payment using that method. Canara Bank is becoming the first government bank in the nation to offer the UPI payment option using a credit card. The popular 'Canara AI1' banking super app of Canara Bank now offers this service. The first public sector bank to launch this facility in collaboration with NPCI is Canara Bank.
Customers of Canara Bank will soon be able to pay businesses through UPI using both their bank accounts and RuPay credit cards. Customers can connect their UPI ID to their Canara Bank RuPay credit card. The bank claims that clients would find it quite simple to use their credit cards through this secure digital payment method.
K. Satyanarayana Raju, MD and CEO of Canara Bank, commented on this unique new capability and said that clients can choose the Canara Bank credit card during the account listing for linking. The procedure of linking the credit card is similar to the process of linking existing accounts. For UPI payments made with a RuPay Credit Card, the transaction limitations that are currently in effect will remain in effect.
The bank added that this facility will expand UPI-based technology and further improve digital payments. According to the MD & CEO of NPCI, the integration of RuPay Credit Card on UPI will increase UPI's consumer convenience while also providing RuPay Credit Card advantages.
Digital payment will get a boost.
Customers won't need to take their credit card around anymore thanks to Canara Bank's implementation of the RuPay Credit Card procedure on UPI. Along with this, there will also be the opportunity to pay at retail locations. Customers' perceptions of credit consumption are continually shifting as a result of the integration of the RuPay Credit Card with UPI. And this will help the nation's digital payment system grow even further.
Pay special attention to this.
Currently, only merchant payments are allowed utilising this facility, according to Canara Bank, and RuPay credit cards can be used for UPI payments between people, card to card, or cash-out transactions. will be unable. implies that you can make a purchase using a credit card through UPI. will be unable to pay anyone else.