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    Union Minister Jyotiraditya Scindia Unveils ‘Innovate to Transform’ as Theme for 9th Edition of India Mobile Congress

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    Union Minister Jyotiraditya Scindia Unveils ‘Innovate to Transform’ as Theme for 9th Edition of India Mobile Congress

    OCCRP, the Media Organization Targeting Adani, Funded by the US: French Newspaper

    OCCRP, the Media Organization Targeting Adani, Funded by the US: French Newspaper

    Prithviraj Chavan places Prime Minister Narendra Modi’s recent U.S. visit in context at a KhulKe Roundtable

    Prithviraj Chavan places Prime Minister Narendra Modi’s recent U.S. visit in context at a KhulKe Roundtable

    Not tiny; Goa is like a bindiya on Bharat Mata’s forehead: Shah

    Not tiny; Goa is like a bindiya on Bharat Mata’s forehead: Shah

    E-City Ventures to invest over Rs. 500 cr in real estate projects in Gujarat

    E-City Ventures to invest over Rs. 500 cr in real estate projects in Gujarat

    Property worth thousand of crores is the real reason for Asharam Bapu’s Conviction

    Property worth thousand of crores is the real reason for Asharam Bapu’s Conviction

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    Union Minister Jyotiraditya Scindia Unveils ‘Innovate to Transform’ as Theme for 9th Edition of India Mobile Congress

    India’s defence technology company Optimized Electrotech takes centre stage at Startup Conclave 2023, Showcasing its Cutting-Edge Defense Innovations

    India’s defence technology company Optimized Electrotech takes centre stage at Startup Conclave 2023, Showcasing its Cutting-Edge Defense Innovations

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    Altigreen unveils experience centre in Surat

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    Samsung to Launch New Foldable Phones on August 10; Customers Can Pre-Reserve the Next Galaxy at Just Rs 1,999

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    Toon into the madness – The Giant Wheel Festival is back in your city

    Toon into the madness – The Giant Wheel Festival is back in your city

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    A Full-Circle Moment: Atlee to Receive Honorary Doctorate from Sathyabama University

    A Story of Memory, Mystery, and Madness : BHRAM

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    COLORS’ ‘Megha Barsenge’ starring Neha Rana & Neil Bhatt takes a 10-year leap into a saga of healing & reckoning

    COLORS’ ‘Megha Barsenge’ starring Neha Rana & Neil Bhatt takes a 10-year leap into a saga of healing & reckoning

    Vakyam Studios to Launch “Script to Screen” Filmmaking Workshop on June 7, 2025, Led by Director Dhruv Goswami

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    Gleneagles Hospital Mumbai Expands its Reach to Ahmedabad in Collaboration with Care and Cure Multi-Speciality Hospital

    Gleneagles Hospital Mumbai Expands its Reach to Ahmedabad in Collaboration with Care and Cure Multi-Speciality Hospital

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PhonePe becomes the First Payment App to Link Two Lakh RuPay Credit Cards to UPI

- Processes Total Payment Value (TPV) of Rs.150 crore and drives over 1.5 Mn transactions via RuPay credit on UPI - Enables RuPay card acceptance across 12 million merchant outlets in the country

Rashtra Times by Rashtra Times
in Business
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PhonePe, today announced that it has achieved two significant milestones. The company has become the first digital payments app to successfully enable linkage of two lakh RuPay credit cards to the Unified Payments Interface. In addition, PhonePe has also processed a Total Payment Value (TPV) of Rs.150 crore via RuPay Credit on UPI.

PhonePe aims to offer a comprehensive suite of solutions for RuPay Credit on UPI in partnership with NPCI to popularize its usage among customers and merchants alike. The company has already enabled the acceptance of RuPay Credit Cards on UPI across 12 million merchant outlets in the country, achieving the highest merchant penetration in the ecosystem. Overall widespread acceptance of UPI has ensured that customers have ample opportunities to utilize their RuPay credit cards for transactions.  On the consumer side, PhonePe is driving the adoption through seamless and intuitive nudges on the PhonePe App. These contextual communications are  encouraging customers to adopt RuPay credit cards through UPI as their preferred payment option. Moving forward, PhonePe will continue to collaborate closely with NPCI to scale the RuPay Credit penetration in the country through enhanced functionalities.

Speaking on the milestone, Sonika Chandra, Vice President Consumer Platform and Payments at PhonePe said, “We are thrilled to partner with the National Payments Corporation of India (NPCI) and become the first payments app to link two lakh RuPay credit cards to UPI. We believe that RuPay cards on UPI will revolutionize the access and use of credit in the ecosystem, and we are committed to offering comprehensive solutions that cater to the evolving needs of our customers and merchants. Similar to any other credit instrument, MDR is applicable for RuPay on UPI and our merchant partners are enthusiastically adopting and driving the use of RuPay among customers.”

About PhonePe:

PhonePe was founded in December 2015 and has emerged as India’s largest payments app, enabling digital inclusion for consumers and merchants alike. With 46+ crore (460+ Million) registered users, one in four Indians are now on PhonePe. The company has also successfully digitized 3.5+ crore (35+ Million) offline merchants spread across Tier 2,3,4 and beyond, covering 99% pin codes in the country. PhonePe is also the leader in Bharat Bill Pay System (BBPS), processing over 45% of the transactions on the BBPS platform. PhonePe forayed into financial services in 2017, providing users with safe and convenient investing options on its platform. Since then, the company has introduced several Mutual Funds and Insurance products that offer every Indian an equal opportunity to unlock the flow of money and access to services. PhonePe was recently recognized as the Most Trusted Brand for Digital Payments as per the Brand Trust Report 2022 by Trust Research Advisory (TRA).

Tags: businessPayment AppPhonePeRuPaySonika ChandraUPI
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