Credit card UPI payment: Transactions through Unified Payments Interface (UPI) continue to grow. In December 2024, the number of UPI transactions reached a record high of 16.73 billion. This is 8 percent more than the 15.48 billion UPI transactions in November.

Seeing the increasing popularity of UPI, now credit card users are also choosing the option of digital payment for purchases. Using credit cards during UPI payments is very easy. Let’s see how to use credit cards for UPI payments. For this, first link the credit card with UPI.

How to link

First download the UPI app. If you are using UPI for the first time, it would be best to install Bharat Interface for Money (BHIM) for credit card payments. Now open the app and go to the ‘add payment method’ section. Select the credit card option and enter your credit card number, CVV and expiry date. After this, an OTP will come on your registered mobile number.

After linking your credit card account, now create a UPI ID from your credit card. With this ID linked to your bank account, you can make or receive payments through UPI. To check your UPI ID, go to the profile section in the app and select UPI ID.

How to make a credit card payment through UPI

To make a UPI payment through a credit card, first scan the QR code or select the ‘Pay Phone Number’ or ‘Pay Contacts’ option and select your UPI ID or go to the relevant payment option on the app. If you want, you can also choose the ‘Self Transfer’ option, through which you can transfer money from one account to another. After verifying the app’s QR code and phone number, enter the amount to be transferred and select the credit card option for payment. Now your payment will be successful only after entering the PIN.

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The post UPI Payment will be done by scanning credit card! See how it will be done on your phone first appeared on Rightsofemployees.com.

Credit card bill payments through the platforms of PhonePe, Cred, BillDesk will be affected. The Reserve Bank of India (RBI) had earlier directed that all credit card payments after June 30 should be processed through the Bharat Bill Payment System (BBPS).

So far HDFC Bank, ICICI Bank and Axis Bank have not activated BBPS. These banks have issued a total of more than 5 crore credit cards to customers.

However, these banks have not yet complied with the instructions. Fintechs like PhonePe and Credi, which are already members of BBPS, will also not be able to process payments on credit card dues for them after June 30. Therefore, banks need to follow the rules for these fintechs to operate without any hassle. These rules of RBI are valid till June 30.

Also Read: Good news for Govt employees! 8th Pay Commission proposal received, this will be the salary structure

According to the report, the payment industry has demanded to extend the deadline to 90 days. So far, only 8 banks have activated bill payments on BBPS, while a total of 34 banks are allowed to issue credit cards. The list of banks that have activated BBPS includes SBI Card, BOB Card, IndusInd Bank, Federal Bank and Kotak Mahindra Bank. According to the industry, apart from allowing the central bank to track and resolve fraudulent transactions, RBI needs to keep an eye on payment trends.

The post Credit Card Bill Payments Via Cred, BillDesk, PhonePe To Be Stopped After June 30 first appeared on Rightsofemployees.com.