In a significant move, ICICI Bank, a leader in the private sector banking in India, has announced the integration of UPI (Unified Payments Interface) transactions with its RuPay credit cards. This service, effective from December 1, 2023, marks a new era of convenience and flexibility for ICICI Bank customers.
Expanding Digital Payment Horizons
Customers can now link their ICICI RuPay credit cards to any UPI app, including popular ones like PhonePe, Google Pay, and Paytm, facilitating seamless UPI payments. This integration is set to revolutionize the way transactions are conducted, offering a blend of credit card benefits with the ease of UPI.
Transaction Limitations: Person to Merchant Only
As per ICICI Bank’s guidelines, RuPay credit cardholders can only perform person-to-merchant transactions. This means the card can be used exclusively for purchases and not for transferring money to individuals.
How to Make UPI Payments with ICICI RuPay Credit Card?
To use an ICICI RuPay credit card for UPI payments, customers first need to link their card with a UPI app. Once linked, they can easily make transactions at any merchant’s QR code using their UPI PIN.
Linking ICICI RuPay Credit Card to UPI: A Step-by-Step Guide
- Download the ICICI Bank iMobilePay app.
- Open the app and navigate to ‘UPI Payment’.
- Go to the ‘Manage’ tab.
- Select ‘My Profile’ and click on ‘Create New UPI ID’.
- Choose the RuPay credit card option.
- Follow the prompts to set up a PIN and start transacting.
Other Banks Offering RuPay Credit Cards for UPI Transactions
Besides ICICI Bank, customers of Axis Bank, Kotak Mahindra Bank, SBI Card, HDFC Bank, Yes Bank, Bank of Baroda, and Punjab National Bank can also enjoy the convenience of UPI transactions with their RuPay credit cards.
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