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YES Bank launches UPI payments through its RuPay credit cards
July 31, 2023
Yes Bank has finally launched UPI payments through its RuPay credit cards. Yes Bank customers can now link their RuPay credit cards with popular UPI apps like BHIM, Google Pay, Phone Pe, Paytm, Slice, MobiKwik, and others.
The cards were previously just limited to doing POS/e-commerce-based transactions.With this new launch, users can make credit card payments through QR codes. The bank has also launched the ‘credit-free’ period feature for customers making transactions using UPI. Previously, the ‘credit-’free’ period was only available for PoS and e-commerce transactions.
Those who don’t have a RuPay credit card can either convert their existing card into one or instead obtain a virtual YES BANK RuPay Credit Card, before linking it with their existing UPI applications. However, customers should note that this card is a virtual credit card and they will not be issued any physical plastic card.
As a virtual-only credit card, the Yes Bank RuPay Credit Card is more secure than most credit cards as there is no possibility of the physical card being stolen. Using the card will also give customers the chance to earn accelerated reward points on UPI transactions which can then be used with YES Rewardz. The credit card is also a good choice when making transactions in foreign currency as it only charges 2.75% as foreign currency markup.
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