Indianomics: You can pay over #UPI using RuPay credit cards. How does that change your life ? Latha Venkatesh talks to Dilip Asbe, Kunal Shah, Parag Rao & Akhil Handa on the impact of #RuPay UPI payments.
Summary of discussion from last evening with Latha Venkatesh at CNBC-TV18 along with Dilip Asbe (CEO of NPCI), Parag Rao from HDFC bank and Kunal Shah . Topic - future of payments on linking UPI and credit cards.
# HDFC bank is almost ready to Go Live with RuPay Credit Card linked UPI
# Axis bank is also interested on RuPay Credit Card linked with UPI
#UPI linkage with #RupayCreditCard positive Impacts:
# Highly secured in terms of card data.
# No need to Carry Physical cards, henceforth zero risk for lost and theft.
# Pre-Approved credit line by banks.
# High penetration of credit cards, falls under top 3 most used payment mode in terms of transaction count.
# Auto Debit functionality via UPI on card.
# Credit card Bill payment via UPI, hence increase in traction on mode of payment as UPI.
# Active participation of other banks in Rupay Credit Cards.
# High penetration of UPI transactions in foreign countries where UPI is launched.
# PPI wallet upload with #RupayCC via UPI
to know more on this listen from Industry experts -
Summary of discussion from last evening with Latha Venkatesh at CNBC-TV18 along with Dilip Asbe (CEO of NPCI), Parag Rao from HDFC bank and Kunal Shah . Topic - future of payments on linking UPI and credit cards.
# HDFC bank is almost ready to Go Live with RuPay Credit Card linked UPI
# Axis bank is also interested on RuPay Credit Card linked with UPI
#UPI linkage with #RupayCreditCard positive Impacts:
# Highly secured in terms of card data.
# No need to Carry Physical cards, henceforth zero risk for lost and theft.
# Pre-Approved credit line by banks.
# High penetration of credit cards, falls under top 3 most used payment mode in terms of transaction count.
# Auto Debit functionality via UPI on card.
# Credit card Bill payment via UPI, hence increase in traction on mode of payment as UPI.
# Active participation of other banks in Rupay Credit Cards.
# High penetration of UPI transactions in foreign countries where UPI is launched.
# PPI wallet upload with #RupayCC via UPI
to know more on this listen from Industry experts -