Canara Bank RuPay credit cards launched: How to link credit card and Make Payment with UPI

Canara Bank, in collaboration with National Payments Corporation of India (NPCI), launched the Rupay Credit Card on UPI with the BHIM App and other UPI-enabled Apps to leverage the reach of UPI and the strength of credit card products, according to a joint announcement from Canara Bank and National Payments Corporation of India (NPCI). Customers will be able to link their valid Rupay Credit Card to UPI and make merchant payments without the need for a physical card, comparable to account-based UPI transactions.

Consumers will benefit from the simplicity and greater options to use their credit card limitations, while retailers without POS devices may accept credit card payments from clients who have a Rupay Credit Card connected to UPI utilising the most popular payment mechanism of scan and pay using QR. Small retailers will be able to expand sales and business at a minimal cost as a result of this. Customers with Canara Bank Rupay Credit Card variations - Rupay Classic, Rupay Platinum, and Rupay Select - may currently link their cards to UPI, according to a bank statement.

Customers should pick Canara Credit Card during account listing for connecting. The technique for linking the credit card is similar to the existing account linking procedure. The transaction restrictions that apply to UPI transactions will continue to apply to UPI payments made with a Rupay Credit Card.

When Canara Bank RuPay Credit Cards are connected to a UPI ID, safe and secure payments may be made instantly. According to the NPCI news release, Canara Bank clients will profit from the enhanced ability to use their credit cards on UPI, while retailers will gain from greater consumption by being a part of the credit ecosystem through the acceptance of credit cards using assets such as QR codes.

At the moment, only Merchant Payments are authorised to be made using this feature; Person-to-Person, Card-to-Card, or Cash-Out Transactions will not be permitted for UPI payments using Rupay Credit Cards.

How to link RuPay Credit Card on UPI?

• Launch the BHIM UPI App
• Input the Passcode
• Choose Bank Account
• Create an account

What is the Procedure to make payment with RuPay Credit Card on UPI?

• Scan the merchant's UPI or code.
• Input the amount to be paid with the auto-fetched amount and choose a credit card.
• Choose Rupay credit card, then UPI PIN.
• In transaction history, you may view your transaction details

What is the transaction limit for the RuPay credit card on UPI?

The normal transaction limit for the RuPay credit card on UPI is Rs 1 lakh per transaction for most firms. The transaction limit for authorised merchants in specific categories might be raised to Rs 2 lakh. The daily transaction limit for non-verified businesses is Rs 2,000.