Canara Bank Introduced UPI Payments through RuPay Credit Card
News Desk, News Nation 360 : Canara Bank has introduced the facility of UPI payments to Merchants through RuPay Credit Card. This facility is available in the famous 'Canara ai1' Banking Super App of the Bank. Canara Bank is the first Public Sector Bank to introduce this Facility in association with NPCI. K. Satyanarayana Raju, MD & CEO of Canara Bank informed that the procedure for linking the credit card is similar to the existing account linking procedure, and customers can select Canara Credit Card during account listing for linking. The transaction limits applicable for UPI transactions shall continue for UPI payments using RuPay Credit Card. Customers of the Bank will now be able to make UPI payments to Merchants from their RuPay Credit Cards also in addition to their Bank Accounts. RuPay Credit Cards can be linked to their UPI ID. This seamless, safe and secure digital payment method allows customers to make credit card transactions with utmost ease. It is important to note that presently, only Merchant Payments are allowed to use this facility. Person-to-Person, Card-to-Card, or Cash-Out Transactions will not be permitted for UPI payments from RuPay Credit Cards. Linking of RuPay Credit Cards with UPI is transforming the way in which credit consumption is perceived by users and will drive greater adoption of digital payments in the country.
Report : Anustup Kundu