Razorpay becomes India's first payment gateway to support credit cards on UPI

Razorpay becomes India's first payment gateway to support credit cards on UPI

Daily Current Affairs   /   Razorpay becomes India's first payment gateway to support credit cards on UPI

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Category : Business and economics Published on: December 09 2022

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  • Razorpay, India’s full-stack payments and banking platform for businesses announced the platform’s readiness to support credit card transactions on Unified Payments Interface (UPI). 
  • With this launch, Razorpay becomes India’s first PG to support credit cards on UPI.
  • Customers of HDFC Bank, Punjab National Bank, Union Bank & Indian Bank will be the 1st to enjoy the benefits.
  • This offering is in line with the National Payments Corporation of India (NPCI) and the Reserve Bank of India’s (RBI) latest innovation in the digital space. 
  • Now, with RuPay credit cards being enabled on UPI, Razorpay merchants can begin accepting credit card payments on UPI, with minimal changes to their existing setup.
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