Linking credit cards to UPI to drive higher acceptance

The Reserve Bank of India said it will allow linking of credit cards to the UPI platforms. In the initial stage, only the RuPay credit cards will be linked to the UPI platform, the central bank said. The move will increase the acceptance infrastructure of credit cards as merchants can accept credit cards using UPI.

While the linking of the unified payments interface (UPI) with RuPay credit cards is seen as an advantage by major stakeholders, more clarity will be needed on some of the operational aspects, industry people said.