Key Takeaways:

• ICICI Bank has enabled its RuPay credit cards for UPI transactions, thus allowing customers to use cards on UPI to carry out Person-to-Merchant payments through UPI-enabled apps.
• Customers can link ICICI Bank Coral, HPCL Super Saver, and Rubyx RuPay credit cards to UPI for digital payments.
• The integration provides customers with interest-free credit for up to 50 days and the opportunity to earn reward points on their spends with RuPay credit cards through UPI.
• Other banks, including Axis Bank, Kotak Mahindra Bank, SBI Card, HDFC Bank, Yes Bank, Bank of Baroda, and Punjab National Bank, have also integrated their RuPay credit cards with UPI. ICICI Bank said that they have worked with NPCI to embed their RuPay credit cards in the UPI ecosystem.
• RuPay credit cards on UPI can be used on various UPI apps, including BHIM, Google Pay, PhonePe, Paytm, and others.

ICICI Bank has collaborated with National Payments Corporation to enable its range of RuPay credit cards to work on any UPI payment app, allowing customers to make payments using these cards.

The bank has collaborated with National Payments Corporation to provide a breakdown of the key points:

RuPay Credit Cards to UPI

ICICI Bank has integrated the following RuPay credit cards with UPI transactions:

ICICI Bank Coral RuPay Credit Card

ICICI Bank HPCL Super Saver RuPay Credit Card

ICICI Bank Rubyx RuPay Credit Card

How ICICI Bank customers can link RuPay Credit Cards with UPI

According to the press release by ICICI Bank, individuals with any ICICI Bank RuPay credit card can link their RuPay credit cards card to the UPI app by following these steps:

1. To enable UPI transactions on its RuPay credit cards, download the iMobile Pay by ICICI Bank app and register on it.

2. Go to ‘UPI Payments’ and then to the ‘Manage’ tab to carry out UPI transactions on its RuPay credit cards.

3. Inside the ‘Manage’ tab, go to ‘My Profile’ and then click on ‘Create New UPI ID’.

4. Select ‘RuPay Credit Card’ as the payment method.

5. Select the UPI ID and then click ‘Proceed’.

6. Review the transaction details and then click ‘Confirm’.

Types of Payments Allowed

It’s important to note that only Person to Merchant (P2M) transactions on its RuPay credit card are allowed using RuPay credit cards on UPI. Customers can scan the merchant QR code to streamline the payment process. This means that individuals cannot transfer money from their RuPay credit card via UPI to their friends and family. P2M category payments include shopping, payment of utility bills, offline payments at point of sale machines, etc.

Reward Points and Benefits

Customers using their RuPay credit card on UPI will also earn reward points on their spends. According to Bijith Bhaskar, Head – Cards, ICICI Bank, “The integration of RuPay Credit Cards with UPI provides customers with better financial liquidity by giving them interest-free credit for up to 50 days.”

Other Banks Offering UPI transactions on its RuPay Credit cards

According to the National Payments Corporation of India (NPCI) website, several other banks have also integrated their RuPay credit cards to UPI, including Axis Bank, Kotak Mahindra Bank, SBI Card, HDFC Bank, Yes Bank, Bank of Baroda, Punjab National Bank, and others.

UPI Apps Supporting RuPay Credit Cards

ICICI Bank has integrated its RuPay credit cards to UPI to carry out Person-to-Merchant transactions on following UPI apps: BHIM, BHIM PNB, CRED, CanaraA1, Gokiwi, Google Pay, PayZapp, PhonePe, Slice, Mobikwik, and Paytm.This integration of RuPay credit cards with UPI provides customers with more options for digital payments and offers additional benefits such as reward points and interest-free credit.

FAQ

Q1: What types of payments are allowed using RuPay credit cards on UPI?

A1: ICICI Bank only enables UPI transactions on its RuPay cards allowing customers to make Person to Merchant (P2M) payments. This includes shopping, payment of utility bills—and offline- such as payments at a POS machines.

Q2: Can customers earn reward points when using ICICI Bank RuPay credit cards on UPI?

A2: Yes, customers using their RuPay credit cards on UPI will earn reward points on their spends.

Q3: Which other banks have integrated their RuPay credit cards with UPI?

A3: Other banks that have integrated their RuPay credit cards with UPI include Axis Bank, Kotak Mahindra Bank, SBI Card, HDFC Bank, Yes Bank, Bank of Baroda, and Punjab National Bank. ICICI Bank said that they also integrated RuPay credit cards through UPI.