Kotak Mahindra Bank Limited (“KMBL”/”Kotak”) and National Payments Corporation of India (NPCI) have announced that the customers of Kotak Mahindra Bank can use their RuPay Credit Card on UPI with UPI-enabled Apps.

Customers can select from seven RuPay Credit Cards to use on UPI. They can make payments from the UPI app at merchant outlets with QR codes and POS devices nationwide. The Rupay Credit Cards can also be used for e-commerce and in-store transactions. 

The service will help them to avoid using their physical credit cards.

Frederick Dsouza, Business Head – Credit Cards of Kotak Mahindra Bank Ltd. said “RuPay Credit Card on UPI is a game-changer initiative. With Kotak’s Rupay Credit Cards going live on UPI, we offer our customers the convenience of UPI and credit cards in a single platform. This also opens a wider network of merchants receiving payments on credit cards. UPI can potentially deepen credit penetration in the country, especially in semi-urban and rural areas. This will increase customers' purchasing power and provide the convenience of transacting from wherever they are, instantly using UPI. We are excited about our partnership with RuPay and are committed to offering more rewarding credit cards on the RuPay network in the time to come.”

Rajeeth Pillai, Chief Relationship Management and Marketing, NPCI said, “The addition of Kotak Mahindra Bank Credit Cards on UPI rails is a big milestone in the growth trajectory of both RuPay and UPI. We believe linking RuPay Credit Card to UPI will provide customers with a seamless, digitally enabled credit card lifecycle experience and further deepen the reach and usage of digital payments. We are confident this will bring us closer to our aim of processing a billion daily transactions on the UPI platform.”