Mumbai: The widespread adoption of QR scanners for day-to-day transactions has spearheaded a remarkable digital revolution throughout the country. The ubiquitous presence of Paytm QR codes, spanning from local fruit vendors to shopkeepers, and reaching even the remotest villages to metropolitan cities, has significantly altered the trajectory of mobile payments. Paytm pioneered QR codes and dynamic Soundboxes have empowered small merchants with innovative payments solutions for its customers. This prevalence has not only democratized digital transactions but has also made them highly accessible and convenient for people from all walks of life.
Recently, Paytm Payments Bank introduced Credit Card on UPI to enhance payment experience for customers and strengthen the credit card ecosystem in India. The integration of credit cards with UPI yields substantial advantages for card holders. The process remains user-friendly as individuals can simply scan a QR code and opt for the payment option using their credit cards. This advancement adds a layer of flexibility to UPI transactions while making credit utilization more convenient.
Before starting to make payments, it’s essential to link your credit card with Paytm. Here are steps on how to link your Credit Card on Paytm:
- Open the ‘Paytm app’ and click on ‘Link Rupay Card to UPI’ from homepage
- Select your Credit Card Bank from the list of options to link your card
- Set a UPI PIN for your card
- Now start making payments right away!
To initiate payments using your credit card via Paytm UPI, follow these steps:
- Scan the store’s QR code and enter the payment amount.
- Select your linked credit card on the payment page
- Enter your UPI PIN and complete the transaction securely
That’s how one can make fast and secure UPI payments through your credit card as always.
Further for a seamless online shopping experience through a website or mobile app using your Credit Card on Paytm, follow these steps:
- Enter your UPI ID on the checkout page or opt for Paytm UPI as the payment method.
- Open Paytm app and select your linked credit card on the payment page
- Complete the transaction by entering your set UPI PIN. Enjoy hassle-free payments.
The Reserve Bank of India (RBI) has allowed the linking of RuPay Credit Cards to the UPI platform in June 2022. So to start making such payments, users need to link their RuPay Credit Card to UPI.
So far banks that have enabled the linking of RuPay include SBI Bank, HDFC Bank, ICICI Bank, Axis Bank, Kotak Mahindra Bank, IndusInd Bank, Punjab National Bank, Yes Bank, Union Bank. AU Small Finance Bank, IDFC First Bank, Canara Bank, Federal Bank, Bank of Baroda, Indian Bank, CSB Bank.
