RBI to allow use of credit cards via UPI soon, starting with RuPay credit cards

• India’s central bank has announced that users will soon be able to link their credit cards to UPI.
• Initially, homegrown RuPay credit cards will be eligible to be linked to UPI.
• This will allow users to use UPI to make payments using credit cards.

In a big boost to homegrown RuPay and Unified Payments Interface (UPI), the Reserve Bank of India (RBI) governor Shaktikanta Das today announced that RuPay credit cards will soon be linked to the UPI platform.

The central bank announced that a facility to link credit cards with the UPI platform is being developed and initially, users with RuPay credit cards will be able to link them with UPI.

At present, only savings and current bank accounts are linked to the UPI platform through their debit card and this account is debited and credited with transactions.


It is to be noted that it will take some time before you will be able to use your credit card for UPI payments. Das said that the facility will be available once the system development takes place and the National Payments Corporation of India (NPCI) is instructed to implement this policy.


UPI is one of the biggest success stories in India and the new proposal is aimed at offering convenience to users and enhancing the scope of digital payments.

Currently there are over 26 crore unique UPI users and over 5 crore UPI merchants. In May 2022, over 594 crore transactions worth ₹10.4 lakh crore were processed on the UPI platform.

Once you link your credit card to UPI, you will be able to make payments just by scanning a QR code and entering your UPI PIN. This means that you won’t have to carry around your credit cards with you, or use individual credit card apps to use your phone to tap and pay.

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