There has been a continuous increase in the number of online payments in the country. Many steps are being taken by the Central Bank (RBI) along with the Government of India to promote digital payments. Now we can easily link credit card for UPI payment. Apart from this, users who have Visa and Mastercard can also make UPI payment.
MasterCard and Visa Card: Even if we have forgotten our purse at home, we do not have to worry because we can easily make online payments. After online payment, the tension of carrying cash has ended in a way. Now we can do UPI even for goods worth Rs 5 from the grocery store.
To promote digital payments in the digital era, many steps are being taken by the government along with RBI. Earlier, we needed to link our bank account for UPI payment.
Now we can easily make UPI payment through credit card also. This means that now even if there is no money in the bank account, we can still make UPI payment with the help of credit card.
UPI payment can be made through credit card, many users are not aware of this. Let us tell you that the Reserve Bank of India (RBI) had given permission to link RuPay card to UPI only last year.
This means that users who have RuPay credit card can make UPI payment (RuPay credit card UPI Transaction).
Many banks like HDFC Bank, Kotak Mahindra Bank, Yes Bank and Federal Bank have launched Virtual Rupay Credit Card. This is a type of credit card. Making UPI payment through this card has also become very easy.
Visa and MasterCard users can do UPI
In such a situation, now the question is whether Visa and MasterCard users can also make UPI payment or not. The answer is ‘yes’. If you have a Visa or MasterCard, you will first need to find out whether your bank offers Virtual RuPay Credit Card.
If the bank is providing this facility to its customers then the customers can easily do UPI through Virtual RuPay Credit Card. Let us tell you that Virtual RuPay Credit Card is a kind of additional card.
You can link Virtual RuPay Credit Card to UPI based apps like GooglePay, PayTm, PhonePe and make payment.
Apart from this, e-com payment can also be done through Virtual Rupay Credit Card. Let us tell you that just as there is a limit in Visa MasterCard, similarly there is a limit in Rupay Credit Card also.
