Customers of this bank will now be able to make UPI payment through Credit Card as well; Benefit of Credit Free Period feature also available

Yes Bank has launched UPI payment through RuPay Credit Card to enhance the digital payment solution. Customers can now link their Yes Bank Rupay Credit Card to UPI-enabled apps such as BHIM, PhonePe, Paytm, Google Pay, Slice, MobiKwik, and PayZapp. Once linked, customers can do credit card-based transactions with added security.
Yes Bank said customers can now avail of the 'credit-free' period feature, which was earlier limited to POS/ecom-based transactions. This has further increased the convenience of digital payments. Existing Yes Bank Credit Card customers without RuPay Credit Card can get a virtual Yes Bank RuPay Credit Card and link it to their existing UPI app.
Regarding this, Yes Bank Executive Director Rajan Pental said that Yes Bank powers around 40% of all UPI merchant transactions in the country. Given our digital prowess, over the last few years, we have built capabilities that can power digital transactions at scale, impacting the lives of millions of customers.
He further added that the launch of our UPI payment facility on RuPay Credit Card is a testimony to the endeavor through which we aim to provide customers with a rewarding and convenient banking experience. With this collaboration, we aim to further strengthen India's progress towards becoming a digital giant.
He further added that the strong economy is providing a safe, secure, and seamless payment experience to the customers. Enabling UPI on the RuPay Credit Card will provide multiple benefits to the customer and increase payment acceptability among the millions of merchants available on the UPI platform, while also enhancing the benefits of the credit card.
"With the integration of Yes Bank RuPay Credit Card on UPI, individuals can conduct seamless transactions across online and offline platforms on RuPay's highly secure network, thereby eliminating the need to physically carry their card," said Praveena Rai, Chief Operating Officer, NPCI.
As the demand for credit cards continues to grow in the country, the RuPay Credit Card on UPI is changing the perception of credit consumption and has the potential to deepen credit penetration, especially in semi-urban and rural areas.”