Unified Payments Interface (UPI) is one of the most convenient and secure ways of receiving and sending/ receiving money. NPCI (National Payment Corporation of India) has developed UPI in year 2016. In May 2019, total transaction of 1,52,449.29 crores was done on UPI. More than 733.54 million number of transaction. No doubt that UPI is ahead of Card (Debit/ Credit) payments. In coming month, UPI will be more used. The popular UPI Apps i.e. BHIM, BHI Pay, PhonePe, Google Pay, PayTM is also providing various offers and cashback plans to escalate the Cashless economy.
Activating UPI on Credit Card (Account)
India has become habitual of using Credit Cards. The Financial Institution i.e. Bajaj Finserv, Axis Bank, HDFC, ICICI, SBI, BOB, PNB and various other Bank provide Credit Cards services. Some of them give various Cashback & Offers on Online Shopping, Dining, Bill Payments etc. The EMI (Zero %) on E-Commerce is one of the biggest use in the Credit Cards.
As the Digital Market is penetrated by UPI, the customer need to activate their Credit Card for UPI services. Here, we are providing complete information that will guild you.
UPI for Current/ Saving Bank Account
The first step to use the UPI is to link your bank account. Once your bank account is linked, you need to create a virtual address which becomes your identity for receiving and sending payments.
To register your bank account, all you need is the bank account number and IFSC code. Once those details are input, the user needs to select a unique virtual ID for transactions.
UPI masks the bank account number and IFSC code of the sender and receiver which provides an added layer of security to transactions.
Unified Payments Interface Features
a) The Unified Payments Interface permits payments via mobile app, web etc.
b) The payments can be both sender (payer) and receiver (payee) initiated
c) The payments are processed in an secured manner aligned with the RBI guidelines.
d) The payments can be done using Mobile Number& MMID, Aadhaar Number, Virtual Address, Account Number
& Indian Financial System code (IFSC).
This virtual ID works like an email. To make payments using UPI, all the user has to do is to input the virtual ID of the sender and the confirmation PIN and the amount is automatically debited from the linked account.
For most users, this process is simple because they can link savings accounts to their respective UPI apps and conduct transactions easily. The question that arises is can Current Account users use UPI.
Current Account UPI: The Current Accout holder can also use UPI. In the registration process of UPI, you have to choose the Name of Bank then Account Number (here, you must choose the Current Bank Account) and Set the UPI PIN.
For Saving Account UPI: Activating UPI service on the Saving Bank Account, you have to follow the steps >> Open UPI App >> Verify Mobile Number >> Choose Bank Name >>> Select Saving Account >>> and then you have to set the UPI PIN.
In Setting the UPI PIN, you have to provide the Debit Card “last 6 Digit Number” and Expiry Dates.
In case, you don’t have the Debit Card then you have have to visit Bank Internet Banking website or App and SET UPI PIN there.
CREDIT CARD UPI Features: Now, let’s talk about the UPI on Credit Card. This is limitation of NPCI UPI, as the customer having Credit Card are not able to activate or use for UPI Payments. May be in future, NPCI shall give this service.
UPI App Complaints | Register Online |
Why UPI not on Credit Card: This is interesting question, The UPI feature is activated only on the Bank Accounts (Saving, Current or Deposit). The Credit Card linked to your account don’t have actual account number. Its has only card details with is very sensitive and confidential. As the Payment of Credit Card can be make without OTP verification. (Credit Card Number, CCV only). So, NPCI is not accepting Credit Card for the UPI Payments.
MPL MOBILE PREMIER LEAGUE MY HAS BEEN NOT OPENING BECAUSE OF TECHNICAL PROBLEM PLEASE HELP MEEE. I NEED TO CREDIT MY MONEY
My mpl mobile premier league account has technically not opening please help me to open i need to credit my money
Hello Jagan,
Sorry for this, What is the actual issue with MPL App. Is your login or account is locked?
Good Day
Sir my Account has blocked there are saying that I’m committing fraud word but i did not commit any fraud work sir
Hello Jagan,
We are sorry about that, you can register complaint at https://pgportal.gov.in/ it is the Centralized Public Grievance Redress And Monitoring System (CPGRAMS) Also attach the complaints you have sent to MPL. Hope you get the help.
If you need more details, let us know. Good Day.
Sir please help meee to open my account sir ðŸ˜
Vikas sir i have registered a complain but no reply has reached meee.
You please help mee sir i need to open my account sir
Sir i have made a complain but they also did not helped mee. Please help me open my account sir.. I did not commit any fraud work please unblock my account sir its an technical issue sir please check