Good news for credit card users, now you will be able to make UPI payment with credit card
Reserve Bank of India Governor Shaktikanta Das has made it easy. He launched the RuPay credit card on the UPI network at the Global Fintech Festival. Now the credit card can be linked with UPI. Presently Punjab National Bank, Union Bank of India and Indian Bank will provide this facility.
A small interchange fee will apply
No MDR will be charged for making UPI payments by linking credit cards with UPI. In this regard, Punjab National Bank MD and CEO Atul Kumar Goel said that small interchange charges will be charged for this, although the information about how much will be charged has not been given yet.
UPI Lite payment without internet
At the Global Fintech Festival, RBI also launched UPI Lite, under which at least Rs 200 can be transferred without internet. Not only can this transaction be done with the help of wallet installed in the mobile, the event also introduced the facility of cross border transactions under Bharat Bill Payment System.