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MobiKwik to offer UPI payments through RuPay Credit cards

Published on February 10, 2023
Current context: MobiKwik, a payment app owned by One MobiKwik Systems Limited, has become the first fintech company in India to allow its users to make payments using RuPay credit cards through the Unified Payments Interface (UPI).
MobiKwik to offer UPI payments through RuPay Credit cards
  • This was made possible through the National Payments Corporation of India (NPCI) giving Mobikwik permission to offer this new service.
  • The goal is to increase access to financial services for all Indians and advance financial inclusion.
  • The integration of RuPay credit cards with UPI IDs allows MobiKwik customers to make payments to merchants by scanning a UPI QR code and using their UPI PIN for authentication. This new feature enables the use of credit cards without the need for point-of-sale terminals.
  • The transaction limits for this feature will follow the standard limits set by UPI, which is up to INR 1 Lakh per transaction for most transactions, up to INR 2 Lakh for specific transactions, and up to INR 5 Lakh for Initial Public Offerings and Retail Direct Schemes.
  • Recently, NPCI has allowed UPI to onboard non-resident accounts from 10 countries with certain conditions, and the RBI has proposed allowing all inbound travelers to India to use UPI for their merchant payments.


Q.1 What is the goal of allowing RuPay credit cards to be used through UPI on the MobiKwik app in India?
a. To increase the use of point-of-sale terminals
b. To restrict access to financial services
c. To advance financial inclusion for all Indians
d. To decrease transaction limits for certain transactions
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