{"id":3139,"date":"2022-06-10T19:27:20","date_gmt":"2022-06-10T13:57:20","guid":{"rendered":"https:\/\/ripenapps.com\/blog\/?p=3139"},"modified":"2025-10-28T11:43:19","modified_gmt":"2025-10-28T06:13:19","slug":"rbi-allows-credit-card-upi-linking","status":"publish","type":"post","link":"https:\/\/ripenapps.com\/blog\/rbi-allows-credit-card-upi-linking\/","title":{"rendered":"RBI Allows Credit Card &amp; UPI Linking- UPI &amp; UPI Apps to Dominate in India"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">The government of India has been on a mission to make India a cashless economy by supporting Digital Payments. On June 8, 2022, the Reserve Bank of India made an announcement on linking Credit cards to the Unified Payment system network (UPI). The process will start with RuPay credit cards, later lending to Visa and Mastercards. Currently, users perform UPIs through their linked debit cards, but the addition of Credit Cards &amp; UPI Linking network will soon bring new benefits for the audience.<\/span><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_17 counter-hierarchy ez-toc-white\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" style=\"display: none;\"><i class=\"ez-toc-glyphicon ez-toc-icon-toggle\"><\/i><\/a><\/span><\/div>\n<nav><ul class=\"ez-toc-list ez-toc-list-level-1\"><li class=\"ez-toc-page-1 ez-toc-heading-level-2\"><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/ripenapps.com\/blog\/rbi-allows-credit-card-upi-linking\/#What-Benefits-Credit-Card-UPI-Linking-Offer\" title=\"What Benefits Credit Card &amp; UPI Linking Offer?\">What Benefits Credit Card &amp; UPI Linking Offer?<\/a><\/li><li class=\"ez-toc-page-1 ez-toc-heading-level-2\"><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/ripenapps.com\/blog\/rbi-allows-credit-card-upi-linking\/#Timeline-and-Statistics-on-UPI\" title=\"Timeline and Statistics on UPI\">Timeline and Statistics on UPI<\/a><\/li><li class=\"ez-toc-page-1 ez-toc-heading-level-2\"><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/ripenapps.com\/blog\/rbi-allows-credit-card-upi-linking\/#Top-3-Third-party-UPI-Apps\" title=\"Top 3 Third-party UPI Apps\">Top 3 Third-party UPI Apps<\/a><ul class=\"ez-toc-list-level-3\"><li class=\"ez-toc-heading-level-3\"><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/ripenapps.com\/blog\/rbi-allows-credit-card-upi-linking\/#Google-Pay\" title=\"Google Pay\">Google Pay<\/a><\/li><li class=\"ez-toc-page-1 ez-toc-heading-level-3\"><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/ripenapps.com\/blog\/rbi-allows-credit-card-upi-linking\/#Paytm\" title=\"Paytm\">Paytm<\/a><\/li><li class=\"ez-toc-page-1 ez-toc-heading-level-3\"><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/ripenapps.com\/blog\/rbi-allows-credit-card-upi-linking\/#Samsung-Pay\" title=\"Samsung Pay\">Samsung Pay<\/a><\/li><\/ul><\/li><li class=\"ez-toc-page-1 ez-toc-heading-level-2\"><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/ripenapps.com\/blog\/rbi-allows-credit-card-upi-linking\/#How-Does-UPI-Benefit-Other-Mobile-Apps\" title=\"How Does UPI Benefit Other Mobile Apps?\">How Does UPI Benefit Other Mobile Apps?<\/a><\/li><li class=\"ez-toc-page-1 ez-toc-heading-level-2\"><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/ripenapps.com\/blog\/rbi-allows-credit-card-upi-linking\/#Wrapping-Up\" title=\"Wrapping Up\">Wrapping Up<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"What-Benefits-Credit-Card-UPI-Linking-Offer\"><\/span><strong>What Benefits Credit Card &amp; UPI Linking Offer?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">UPI systems has been contributing to the digital economy for a long time now. Now, the announcement packs more benefits to the audience.<\/span><\/p>\n<ol>\n<li style=\"font-weight: 400;\"><b>More alternatives:<\/b><span style=\"font-weight: 400;\"> After credit cards &amp; UPI linking, the user will have an added alternative of payments. The UPI apps will see a hike in usage by customers.<\/span><\/li>\n<li style=\"font-weight: 400;\"><b>Home-grown payment: <\/b><span style=\"font-weight: 400;\">RuPay, a homegrown payment system, will get a boost in usage since the announcement will start implementation from RuPay credit cards. The Indian payment system will be widely used and recognized by the audience. Users will feel proud using their homegrown system.<\/span><\/li>\n<li style=\"font-weight: 400;\"><b>More users:<\/b><span style=\"font-weight: 400;\"> From 2019 to 2021, India saw a 4x rise in the UPI transaction values. An added payment option will attract users preferring credit cards as their payment option and increase the transaction values further.<\/span><\/li>\n<li style=\"font-weight: 400;\"><b>Pay later:<\/b><span style=\"font-weight: 400;\"> Credit cards are post-paid cards that users can enjoy shopping before recharging them. With the addition of Credit cards, users can use their credit card limits before actually submitting the bill.<\/span><\/li>\n<\/ol>\n<h2><span class=\"ez-toc-section\" id=\"Timeline-and-Statistics-on-UPI\"><\/span><strong>Timeline and Statistics on UPI<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">UPI apps are no doubt dominating the payment system. Here are the stats that prove the same from the official <\/span><a href=\"https:\/\/www.npci.org.in\/what-we-do\/upi\/product-statistics\"><span style=\"font-weight: 400;\">source<\/span><\/a><span style=\"font-weight: 400;\">.<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">From April to June 2016, the stats of UPI were zero. The government didn&#8217;t record any transaction and money figures in this period.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Despite zero records till June 2016, till December 2016, 35 banks got involved in the UPI system, and the total value of debit and credit reached 700 crores.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">In 2017 alone, the money figure in transactions reached 2x the previous year.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">From 2018 to 2020, the total value of debit and credit added 1 Lakh crores in its accounts. Now, there are 207 banks attached to the UPI systems.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Now in May 2022, there are 323 banks, live on the UPI system with a user volume of 5955.20 million and taking the value of transactions to 10,41,520 crores.<\/span><\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"Top-3-Third-party-UPI-Apps\"><\/span><strong>Top 3 Third-party UPI Apps<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Banks provide UPI functionalities within their apps. But, there are a number of third party apps who have tied up with a number of banks to provide a seamless payment experience to the users. They also provide regular rewards and deals to keep their customers engaged. Here are the top 3 third-party UPI apps.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Google-Pay\"><\/span><strong>Google Pay<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Also known as Gpay, Google pay is developed by Google and is used worldwide. The app has so many language variants like Telugu, Tamil, Marathi, Bengali, and Kannada. The app has partnered with ICICI, State Bank of India, Axis Bank, and HDFC Bank to become one of the leading UPI third-party apps.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Paytm\"><\/span><strong>Paytm<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">One of the first apps in the digital wallet industry, PayTm is still leading the UPI payment grounds in India. You can also see merchants provided by Paytm with many vendors to smoothly initiate the UPI transfers.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Samsung-Pay\"><\/span><strong>Samsung Pay<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Samsung is a leading electronics and gadgets brand transforming technology. Partners with Axis bank, Samsung pay operates on the @pingpay handle and is actively assisting customers in UPI transfers<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"How-Does-UPI-Benefit-Other-Mobile-Apps\"><\/span><strong>How Does UPI Benefit Other Mobile Apps?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\"><strong><a href=\"https:\/\/ripenapps.com\/blog\/mwallet-app-development-guide\/\" target=\"_blank\" rel=\"noopener\">Digital payment<\/a><\/strong> is becoming essential in mobile apps like Food Delivery, E-commerce, and Betting. What benefit does the UPI system provide to other mobile apps?<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><b>24&#215;7<\/b><span style=\"font-weight: 400;\">: Unlike other payment modes, the UPI payment system is always active for the users and vendors. Even if the banks are closed, the UPI system keeps assisting users with payment transfers.<\/span><\/li>\n<li style=\"font-weight: 400;\"><b>Flexible:<\/b><span style=\"font-weight: 400;\"> There is no fixed-mobile app to perform a UPI payment. The audience can use any app that supports UPI transfers to immediately perform the transactions. So, no matter what your user uses for payment, you can request money from them directly from your app.<\/span><\/li>\n<li style=\"font-weight: 400;\"><b>No charges:<\/b><span style=\"font-weight: 400;\"> With UPI, you and your customers are not leveraged to pay any charges while performing the transaction.<\/span><\/li>\n<li style=\"font-weight: 400;\"><b>Secure<\/b><span style=\"font-weight: 400;\">: The UPI transactions are secured with two-factor authentication, where users have to put their pin every time they make any payment.<\/span><\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"Wrapping-Up\"><\/span><strong>Wrapping Up<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">UPI apps will dominate in India because of the mission Digital India, and the convenience, users are enjoying. The above timeline explains how users are shifting to the most UPI apps. Third-party apps like Google pay are crossing millions of users as their user base. Entrepreneurs are planning to bring their own UPI app to be a part of the domination. The process of development is complex since it involves banks. So, it is a good idea that you consult about your project with a <strong><a href=\"https:\/\/ripenapps.com\/mobile-app-development\" target=\"_blank\" rel=\"noopener\">mobile app development agency<\/a><\/strong><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The government of India has been on a mission to make India a cashless economy by supporting Digital Payments. On June 8, 2022, the Reserve Bank of India made an &hellip; <\/p>\n","protected":false},"author":5,"featured_media":3146,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[14,26,484],"tags":[930,79,931,81],"_links":{"self":[{"href":"https:\/\/ripenapps.com\/blog\/wp-json\/wp\/v2\/posts\/3139"}],"collection":[{"href":"https:\/\/ripenapps.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ripenapps.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ripenapps.com\/blog\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/ripenapps.com\/blog\/wp-json\/wp\/v2\/comments?post=3139"}],"version-history":[{"count":3,"href":"https:\/\/ripenapps.com\/blog\/wp-json\/wp\/v2\/posts\/3139\/revisions"}],"predecessor-version":[{"id":3872,"href":"https:\/\/ripenapps.com\/blog\/wp-json\/wp\/v2\/posts\/3139\/revisions\/3872"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ripenapps.com\/blog\/wp-json\/wp\/v2\/media\/3146"}],"wp:attachment":[{"href":"https:\/\/ripenapps.com\/blog\/wp-json\/wp\/v2\/media?parent=3139"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ripenapps.com\/blog\/wp-json\/wp\/v2\/categories?post=3139"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ripenapps.com\/blog\/wp-json\/wp\/v2\/tags?post=3139"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}