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Which payment app becomes first payment app to link 2 Lakh RuPay Credit Cards to UPI?
A)
AmazonPay
B)
PhonePe
C)
G Pay
D)
Paytm

Correct Answer :   PhonePe


PhonePe has said that it has become the first digital payments app to successfully enable the linkage of 2 lakh RuPay credit cards to the Unified Payments Interface (UPI).

* In addition, PhonePe has also processed a total payment value (TPV) of Rs 150 crore via RuPay credit on UPI.

Aim : “PhonePe aims to offer a comprehensive suite of solutions for RuPay Credit on UPI in partnership with NPCI to popularize its usage among customers and merchants alike.

* The company has already enabled the acceptance of RuPay Credit Cards on UPI across 12 million merchant outlets in the country, achieving the highest merchant penetration in the ecosystem.

* This widespread acceptance has ensured that customers have ample opportunities to utilize their Rupay credit cards for transactions through UPI," the company said in a statement..

Source : News18

Published On : May 27, 2023
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