PhonePe - Latest News Update, Information, Photos & Videos on PhonePe at Lokmat Times

New Delhi, May 26 Leading fintech company PhonePe has announced that the company has become the first digital payments app to successfully enable the linkage of two lakh RuPay credit cards to the Unified Payments Interface (UPI). It has also processed a Total Payment Value (TPV) of Rs 150 crore via RuPay Credit on UPI.The company said it aims to offer a comprehensive suite of solutions for RuPay Credit on UPI in partnership with NPCI to popularise its usage among the 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."We are thrilled to partner with the National Payments Corporation of India (NPCI) and become the first payments app to link two lakh RuPay credit cards to UPI. We believe that RuPay cards on UPI will revolutionise the access and use of credit in the ecosystem, and we are committed to offering comprehensive solutions that cater to the evolving needs of our customers and merchants," said Sonika Chandra, Vice President, Consumer Platform and Payments, at PhonePe."Similar to any other credit instrument, MDR is applicable for RuPay on UPI and our merchant partners are enthusiastically adopting and driving the use of RuPay among the customers," she added.Moreover, PhonePe mentioned that the overall widespread acceptance of UPI has ensured that customers have ample opportunities to utilise their RuPay credit cards for transactions. On the consumer side, the company is driving the adoption through seamless and intuitive nudges on the PhonePe app.These contextual communications are encouraging customers to adopt RuPay credit cards through UPI as their preferred payment option.Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

PhonepeFOLLOW

Phonepe, Latest News

UPI payments have remained free of charges, distinguishing it from Paytm, which imposed fees ranging from Rs 1-2 for ... ...

Mumbai: Cash is required for tickets available at all traditional performance arts theatres in Mumbai and Maharashtra. Despite Prime Minister ... ...

Major Unified Payments Interface (UPI) apps such as BHIM, PhonePe, and Paytm have now been enabled to receive remittances ... ...

A 54-year-old resident of Taloja lost Rs 4.14 lakhs while attempting to secure a Rs 3 lakh online loan. The cyber ... ...

The arrival of a new Unified Payments Interface (UPI) innovation called UPI Plugin or merchant SDK could pose a ... ...

Gwalior (Madhya Pradesh) [India], June 29 : Fintech services company PhonePe has responded to what it said to be ... ...

Fintech major PhonePe announced the launch of its account aggregator (AA) services through its wholly-owned subsidiary PhonePe Technology Services ... ...

New Delhi, May 26 Leading fintech company PhonePe has announced that the company has become the first digital ... ...