CURRENT AFFAIRS : BANKING & FINANCE
Canara Bank becomes the first public sector bank in India to launch UPI payments via credit card
- Canara Bank has become the first Public Sector Bank (PSB) in India to introduce the facility of Unified Payments Interface (UPI) payments to merchants through RuPay Credit Card in association with the National Payments Corporation of India (NPCI).
- This facility is made available in the popular ‘Canara ai1’ Banking Super App of the Bank.
Key Highlights :
- Customers of the Canara Bank will now be able to make UPI payments to merchants from their RuPay Credit Cards also in addition to their bank accounts.
- Customers can link their Canara Bank RuPay Credit Cards to their UPI IDs.
