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Canara Bank Becomes 1st PSB to launch UPI Payments to Merchants

June 28, 2023
Current Context: Canara Bank has become the first public sector bank in India to introduce the facility of UPI payments to merchants through RuPay Credit Card.
Canara Bank Becomes 1st PSB to launch UPI Payments to Merchants
  • This facility is available in the bank’s Canara ai1 Banking Super App in association with National Payments Corporation of India (NPCI).
  • Customers can link their Canara Bank RuPay Credit Cards to their UPI IDs and make payments from their credit cards in addition to their bank accounts.
  • This facility is expected to benefit customers by providing them more options and convenience for making payments.

Question:

Q.1 Which bank has become the first public sector bank in India to introduce UPI payments to merchants through RuPay Credit Card?
a. State Bank of India
b. Punjab National Bank
c. Canara Bank
d. Bank of Baroda
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