RuPay credit card-UPI linkage to be operational in 2 months, says NPCI CEO

The linking of Rupay credit cards to Unified Payments Interface (UPI) will be done in the next two months, Dilip Asbe, chief executive officer (CEO), National Payments Corporation of India (NPCI), said on Friday.

He added that several public sector entities have shown interest in linking their cards with UPI.

NPCI is drafting the guidelines on the issue. These will be sent to the Reserve Bank of India (RBI) for approval in the next 10 days.

Large credit card issuers such as SBI Cards, BoB Cards, Axis Bank and Union Bank of India have shown interest and sent their proposals to the NPCI.

NPCI will come up with the guidelines in consultation with the ecosystem. It will send a formal proposal to the RBI, and after the apex bank’s nod, it will be operationalised.