Credit Card: Canara Bank customers can now make UPI payments to merchants directly from their RuPay credit cards. Customers need to link their Canara Bank RuPay Credit Card with their UPI ID in order to make credit card transactions using this secure and seamless digital payment method.
Canara Bank: Different facilities are provided by banks to their customers. Through these facilities, customers continue to get different benefits. Now a bank has started a new facility for its customers. People are also expected to get a lot of benefit through this. Actually, this bank has given the facility to make UPI payment on RuPay Credit Card. Canara Bank has become the first public sector bank in India to launch UPI (Unified Payments Interface) payments for merchants through its RuPay credit card. Thanks to a partnership with National Payments Corporation of India (NPCI), this facility is now available within the bank’s ‘Canara AI1’ banking super app.
Credit Card
This means that Canara Bank customers can now make UPI payments to merchants directly from their RuPay credit cards. Customers need to link their Canara Bank RuPay Credit Card with their UPI ID in order to make credit card transactions using this secure and seamless digital payment method. Whereas the process of linking the credit card is similar to the existing account linking process.
UPI Transaction
Customers can easily select their Canara Credit Card during the account listing for linking. In addition, the transaction limit applicable for UPI transactions will also be applicable for UPI payments made using RuPay Credit Card. Canara Bank emphasized that this new facility will significantly enhance digital payments and expand the UPI ecosystem.
RuPay Credit Card
With Canara Bank’s RuPay Credit Card going live on UPI, customers will enjoy greater flexibility and choice while making payments at merchant outlets, without the need to carry their physical cards. The integration of RuPay Credit Card with UPI is revolutionizing the way users perceive credit consumption and will undoubtedly help in greater adoption of digital payments across the country.
Keep this in mind
It is important to note that this feature currently allows only merchant payments. According to Canara Bank, UPI payments from RuPay Credit Cards cannot be used for person-to-person transactions, card-to-card transfers or cash-out transactions.
