UPI or Unified Payment Interface is an amazing technology that allows the account holder to transfer funds in real-time online.
It was launched by the National Payment Corporation of India (NPCI) to facilitate digital payments in India.
All the payments are initiated using a mobile app that uses the UPI network for transactions. UPI has become the most successful payment system in the world and it has gone international.
Soon, you’ll be able to use the UPI app for international payments in countries like France, the USA, the UK, Oman, UAE, Singapore, etc.
NPCI has named this UPI 2.0 which is nothing but UPI discovering further avenues for integration into the financial systems.
One such avenue is the integration of credit cards with the UPI network, now, you have the option to enable UPI transactions of credit cards from the app.
Here is the guide which will teach you how to Link your Credit Card with BHIM UPI app.
How to Link your Credit Card with BHIM UPI app?
The following are the steps that you can follow to make BHIM UPI Payments using a credit card-
- Open the BHIM UPI app and login to your account using your login credentials
- After logging in, you’ll find the account summary section on the left corner of your account with the bank logo
- You’ll have to click on the logo, and you’ll be redirected to a new page where you’ll have to click on the Plus sign
- Now Select the credit card option followed by selecting the credit card issuer bank
- Now, an SMS will be sent to the UPI servers which will register your Credit card connection request with UPI
- After successfully verifying via SMS, you’ll have to enter the credit card details like account number, expiry code, CVV, etc.
- Now, click on the next button followed by creating your login ID using which you easily transact
- Now, create your 4-digit login passcode and you’ll be able to make UPI Payments using your credit card as well
FAQ
You can only add those banks’ credit card which has partnered with UPI for the transaction. You can find the UPI partner list on the official website of UPI. The majority of the Indian banks are in partnership with UPI.
UPI transactions are done in real-time meaning money from your bank account gets instantly debited.
UPI transactions are free to use a payment system, there are no charges levied by any of the parties involved in the transaction.
I’m Shiv Kumar, a graduate with a passion for finance, marketing, and technology. My journey into finance started with a desire to understand money management and investing.
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