Latest 20th Feb 2023 Current Affairs News for Exam Prep

Practice Mode:

First FinTech to enable RuPay Credit Card for UPI payments

A: PayTM
B: PhonePe
C: BharatPe
D: MobiKwik

The answer is: D


MobiKwik, a popular fintech app, has made history by becoming the first app of its kind to support RuPay Credit Card on UPI. This new development means that customers can now link their RuPay credit cards directly to their UPI IDs, making payments more convenient and streamlined. MobiKwik's users can now easily make payments at merchants by scanning the UPI QR code and using the UPI PIN for payment authentication. This provides a hassle-free and secure payment experience for customers, while also promoting the use of digital payments across India. The introduction of RuPay credit cards on UPI is a significant step towards realizing the Indian government's vision of a cashless society. By integrating different payment systems and making them more accessible, it is hoped that more people will adopt digital payments and enjoy the benefits of greater financial inclusion. MobiKwik's move to support RuPay Credit Card on UPI is an important development in the fintech industry and is expected to inspire further innovation and integration in the years to come.