The journey of money transactions in India has always been full of changes. Initially, people carried cash or checks, which were then replaced by plastic money, i.e., debit and credit cards. Then, with Digital India, UPI completely changed the landscape. Payments were completed in just seconds through QR code scans, and cashless transactions became an integral part of everyday life. Now, this digital revolution has taken another major and interesting turn. This has not only made UPI payments more accessible but has also connected people to the power of credit.
Imagine going to a grocery store, purchasing everyday essentials, and instantly paying with a UPI scan, but without a single rupee being deducted from your bank account. Instead, the payment is made using your credit card, earning cashback, reward points, and the option to convert large purchases into EMIs. This new and smart experience is made possible by platforms like Kiwi, which have provided a simple solution for linking credit cards with UPI.
Combining the Limitations of UPI and the Power of Credit
Making payments through UPI is incredibly easy, as funds are deducted from your bank account with just a scan. However, the problem arises when your account balance is insufficient, resulting in payment failures. Furthermore, UPI requires lump-sum payments, whether the amount is 10 rupees or 50,000 rupees. This can suddenly become a significant burden on your wallet.
But when UPI is linked to a credit card, this problem is eliminated. Not only is payment made easily, but expenses can also be repaid later as credit. The option to convert larger amounts into EMIs provides additional relief.
Special Benefits of RuPay Credit Card for UPI
Linking a RuPay credit card to UPI makes the scan-and-pay method even more powerful. There’s no need to carry a credit card, and the hassle of searching for cash is eliminated. Most importantly, UPI payments also offer rewards and cashback, and transactions are completely transparent. Converting large expenses into EMIs can help avoid unexpected burdens. This feature of the RuPay Credit Card for UPI makes it useful at every store and online platform.
Kiwi App: A Simple and Transparent Way to Get Credit on UPI
Kiwi has made UPI-based credit payments incredibly easy. RuPay credit cards from partner banks can be linked to UPI in just a few steps. Payments made through the app then earn a minimum 1.5% cashback, which is transferred directly to your bank account and can be used at any time. There are no hidden conditions or complicated procedures. Furthermore, all RuPay UPI credit cards available on the Kiwi app are free.
How India’s Digital Payment Culture is Changing
This confluence of UPI and credit is gradually changing people’s spending habits in the country. People who previously relied solely on debit cards or cash are now seamlessly transitioning to credit. Platforms like Kiwi are facilitating this transition, making the general public more financially aware and credit-smart. This shift is a major step towards strengthening the new Digital India.