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Kotak Bank partnered with NPCI to offer Rupay Credit Cards on UPI

Published on July 01, 2023
Current Context: According to a media release by Kotak Mahindra Bank, customers can now use their RuPay Credit Card on UPI with UPI enabled Apps such as BHIM, PhonePe, Paytm, Google Pay, Slice, MobiKwik, etc.
Kotak Bank partnered with NPCI to offer Rupay Credit Cards on UPI
  • This allows them to access credit without carrying their physical credit card everywhere with them.
  • They can also earn rewards on their credit card spends and get an interest-free credit period of upto 50 days.
  • This is a gamechanger initiative that will increase purchasing power and convenience of customers as well as deepen the reach and usage of digital payments.

Question:

Q.1 Which bank has partnered with NPCI to offer RuPay Credit Cards on UPI?
a. HDFC Bank
b. Kotak Mahindra Bank
c. ICICI Bank
d. Axis Bank
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