Top card cos to go live with UPI-linked RuPay credit card feature by June

The feature seeks to include 50 million UPI merchants in the formal credit economy and drive consumption in a big way

Major credit card issuers in the country such as SBI Card, ICICI Bank, and Axis Bank were expected to go live on the “RuPay credit card on UPI feature” by March 2023. However, technical changes at the issuers' end had prevented them from doing so at that time.

But now, these players are expected to go live on this UPI feature by June. Axis Bank, the fourth-largest credit card issuer, could do so much sooner, sources aware of the development said.

Currently, three public sector banks – Union Bank of India, Indian Bank, and Punjab National Bank – are live