YES BANK introduces UPI payments via RuPay Credit Cards, allowing consumers to link their credit card to UPI-enabled apps for faster and more secure transactions.
YES BANK has introduced UPI payments using RuPay Credit Cards. Customers may now link their YES BANK RuPay Credit Card to UPI-enabled applications like BHIM, PhonePe, Paytm, Google Pay, Slice, MobiKwik, and PayZapp, among others, making credit card-based transactions easier and more secure.
Customers may now experience the ‘credit-free’ time feature on a UPI platform, which was previously exclusively available for POS/eCom transactions, with the launch of UPI Payments via RuPay Credit Cards. Any existing YES BANK Credit Card user who does not already have a RuPay Credit Card can apply for a virtual RuPay Credit Card and link it to their existing UPI app.
“Today, nearly 40% of all UPI merchant transactions in the country are powered by YES BANK.” Given our digital competence, we have developed technologies throughout the years that can enable digital transactions at scale, ultimately touching the lives of millions of clients. The launch of our UPI payments service on RuPay Credit Cards demonstrates our commitment to providing consumers with a pleasant and simple banking experience. With this agreement, we hope to accelerate India’s transition to a digitally empowered economy while offering clients with a safe, secure, and smooth payment experience,” said Rajan Pental, Executive Director of YES BANK.
“We are thrilled to welcome YES BANK RuPay Credit Card customers to this cutting-edge digital payments solution, which combines the convenience of UPI with the benefits and rewards of RuPay Credit Cards.” Individuals may perform smooth transactions across online and offline platforms on RuPay’s highly secure network with the integration of YES BANK RuPay Credit Card on UPI, removing the need to physically carry their card. As the demand for credit cards in the country grows, the RuPay Credit Card on UPI is altering the notion of credit consumption and has the potential to increase credit penetration, particularly in semi-urban and rural regions, according to Praveena Rai, Chief Operating Officer, NPCI.
THE YES BANK Users of the RuPay Credit Card can take use of the following benefits:
- UPI payments on YES BANK RuPay Credit Cards are protected by comprehensive security procedures, assuring the confidentiality of clients’ financial data.
Customers may receive attractive reward points for UPI transactions.
- Credit-free period functionality: Customers may now manage their money efficiently even when using UPI by leveraging the credit-free period feature of Credit Cards.
- Consolidated billing: YES BANK provides clients with the ease of clearing the consolidated bill of UPI payments once a month via the Credit Card statement, simplifying financial administration.
How to Connect YES BANK RuPay Credit Cards to UPI:
- Activate the profile / bank account icon.
- Select the ‘RuPay Credit Card’ option.
- Choose ‘YES BANK’ from the list of bank names.
- Locate and validate the ‘YES BANK RuPay Credit Card’.