Empowering UPI Offline Merchants: My Appreciation to Paytm's for RuPay Credit Card Integration

At the outset, thank you, Paytm Team, for enabling RuPay Credit Card acceptance via UPI for offline merchants.

Spreading the joy of safe ePayments is the mantra!

I want to express my heartfelt gratitude to the Paytm Team for their incredible effort in enabling RuPay Credit Card acceptance via UPI for its offline merchants.

This is not just a thank you, but a genuine appreciation for a significant step that brings us closer to the joy of safe ePayments.

In a world where digital transactions are increasingly vital, your dedication to ensuring secure and efficient payment solutions is nothing short of remarkable.

This message is meant to convey my profound thanks for your outstanding work and the positive impact it has on our daily lives.

Thank you for your commitment to making ePayments safer and more accessible for everyone.

Credit card payments via QR codes became possible in April 23 after the Reserve Bank of India allowed UPI apps to include credit card accounts as a payment option.

In July 2022, NPCI's Managing Director and CEO, Dilip Asbe, disclosed that around 250 million users, roughly a fifth of the population, utilized UPI. He also mentioned that RuPay cards would soon be integrated into the UPI platform.

The Unified Payments Interface, commonly known as UPI, has revolutionized mobile payments.

As UPI transactions gained popularity, fintech companies introduced innovations to enhance the speed and security of these transactions.

By linking your RuPay credit card to the Paytm UPI platform, one  can make seamless payments by scanning UPI-enabled QR codes through the Paytm app. This eliminates the need to carry physical cards, making both offline and online payments more efficient.

 

Scan any UPI QR code and pay with your RuPay credit card, all within the Paytm app. UPI has made direct bank account payments easier than ever. You can scan the QR code, make payments directly from your savings account, and now even utilize your RuPay credit card for instant and secure UPI payments, seamlessly integrating it into your Paytm app.

 

Here are some compelling reasons to use your RuPay credit card on UPI:

1. **More Credit Card Rewards**: Whether you're making significant purchases or paying your local chaiwala, you'll earn more credit card reward points with every payment made through your UPI-linked credit card.

2. **Maintain Higher Bank Balance, Earn More Interest**: By using your RuPay credit card for all your UPI transactions, you can maintain a higher bank balance, leading to increased monthly interest earnings.

3. **No Need for CVV or OTP**: Making UPI payments with your RuPay credit card is hassle-free. You won't need to enter your CVV or wait for OTP SMSes. Just select your credit card, enter your UPI PIN, and you're done.

4. **Check Your Credit Card Limit**: Similar to checking your bank balance for UPI-linked accounts, you can easily monitor your total and available limits on your UPI-linked RuPay credit cards. This provides you with a comprehensive overview of your credit card's status and availability.

 

Disclaimer: These thoughts are purely personal, centered solely on spreading the joy of Safe ePayments in the financial space.