Google Pay has taken a significant step in expanding India’s digital payment landscape by introducing support for RuPay credit cards on the Unified Payments Interface (UPI) platform. In collaboration with the National Payments Corporation of India (NPCI), Google Pay now allows users to link their RuPay credit cards to make payments at online and offline merchants accepting RuPay credit cards. This move aims to offer users more payment options and encourage the adoption of digital payments across the country.
By integrating RuPay credit cards into Google Pay, users gain access to a wider range of payment methods. Leading banks such as Axis Bank, Bank of Baroda, Canara Bank, HDFC Bank, Indian Bank, Kotak Mahindra Bank, Punjab National Bank, and Union Bank of India currently support this integration. Users can easily activate their RuPay credit cards on Google Pay by selecting the “RuPay credit card on UPI” option in their profile settings. They can then choose their issuing bank, and set a unique UPI PIN by entering the last six digits of the card number, expiry date, and OTP received from the bank.
This development holds great promise for digital payments in India. The Reserve Bank of India (RBI) authorized the linking of RuPay credit cards to UPI in June 2022, aligning with the country’s efforts to promote digital transactions. The NPCI has observed a significant increase in monthly UPI transactions, reaching 8.7 billion in March. In 2022 alone, UPI facilitated approximately 74 billion transactions worth Rs 125.94 trillion, according to NPCI data. The inclusion of RuPay credit cards on UPI is expected to further expedite the adoption of digital payment solutions.
In summary, Google Pay’s collaboration with NPCI to integrate RuPay credit cards on the UPI platform is a significant advancement in India’s digital payment landscape. This move expands payment options for Google Pay users, offers a seamless payment experience, and supports the country’s vision of a cashless economy.
