YES BANK has launched UPI funds via RuPay Credit score Playing cards. With this, prospects can now hyperlink their YES BANK RuPay Credit score Card with UPI-enabled apps resembling BHIM, PhonePe, Paytm, Google Pay, Slice, MobiKwik, PayZapp, amongst others, making credit score card-based transactions simpler with enhanced safety.
The launch of UPI Funds via RuPay Credit score Playing cards empowers prospects to now benefit from the ‘credit-free’ interval function on a UPI platform, which was earlier solely restricted to POS/eCom based mostly transactions. Any current YES BANK Credit score Card buyer who doesn’t have a RuPay Credit score Card can avail a digital YES BANK RuPay Credit score Card and hyperlink it with their current UPI app.
“Immediately, YES BANK powers almost 40% of all of the UPI service provider transactions within the nation. Given our digital prowess, over time, we’ve constructed capabilities that may energy digital transactions at scale, thereby impacting the lives of tens of millions of shoppers. The launch of our UPI funds facility on RuPay Credit score Playing cards is a testomony to the trouble, via which, we intention to offer prospects with a rewarding and handy banking expertise. With this collaboration, we intention to additional strengthen India’s march in direction of establishing a digitally empowered financial system, whereas offering a protected, safe and seamless fee expertise for purchasers,” Rajan Pental, Govt Director, YES BANK, mentioned.
“We’re delighted to onboard YES BANK RuPay Credit score Card prospects to expertise this cutting-edge digital funds answer that mixes the comfort of UPI with the advantages and rewards of RuPay Credit score Playing cards. With the mixing of YES BANK RuPay Credit score Card on UPI, people could make seamless transactions throughout on-line and offline platforms on RuPay’s extremely safe community, eliminating the need of bodily carrying their card. Because the demand for bank cards continues to rise within the nation, RuPay Credit score Card on UPI is altering the notion of credit score consumption and has the potential to deepen credit score penetration, significantly in semi-urban and rural areas,” Praveena Rai, Chief Working Officer, NPCI, mentioned.
YES BANK RuPay Credit score Card customers can avail of the next advantages
· Security and safety: UPI funds on YES BANK RuPay Credit score Playing cards are safeguarded with strong safety measures, guaranteeing the safety of shoppers’ monetary knowledge.
· Reward factors: Clients can earn engaging reward factors on UPI transactions.
· Credit score-free interval performance: Leveraging the credit-free interval function of Credit score Playing cards, prospects can now handle their funds effectively even after they use UPI.
· Consolidated billing: YES BANK provides the comfort of settling the consolidated invoice of UPI funds as soon as a month via the Credit score Card assertion, simplifying monetary administration for purchasers.
Steps to hyperlink YES BANK RuPay Credit score Playing cards on UPI:
· Faucet on the profile icon / checking account icon
· Click on on linking ‘RuPay Credit score Card’ choice
· Choose ‘YES BANK’ from the dropdown of financial institution names
· Discover ‘YES BANK RuPay Credit score Card’ and confirm
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Up to date: 01 Aug 2023, 10:36 AM IST
Supply: Live Mint