MobiKwik becomes India’s first app to support credit cards on UPI

MobiKwik becomes India’s first app to support credit cards on UPI

Daily Current Affairs   /   MobiKwik becomes India’s first app to support credit cards on UPI

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Category : Business and economics Published on: February 11 2023

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  • India’s leading fintech, MobiKwik has become the first fintech apps to support RuPay Credit Cards on UPI. And this becomes the new level of convenience to the millions of Indians who use UPI for their daily transactions.
  • With RuPay Credit Cards now linked directly to UPI IDs, MobiKwik’s customers can easily make payments to merchants by scanning the UPI QR code and using UPI PIN for payment authentication.
  • This facility will provide an easy and secure payment experience to MobiKwik customers.
  • RuPay credit cards are issued by all major banks (private and public sector) for both commercial and retail use.
  • The integration of RuPay Credit Card with UPI is in line with the vision of National Payments Corporation of India (NPCI) and RBI.
  • The names of the top UPI apps currently are – PhonePe, Paytm, Google Pay, Amazon Pay and BHIM.
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