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Out of the total 51.91 billion UPI transactions conducted between January and June this year, 29.15 billion were P2M payments, accounting for approximately 56.1% of the total.
Once the card gets registered, customers will be able to make UPI payments by simply scanning the merchant’s QR code or entering their UPI ID and PIN.
SBI Card and National Payments Corporation of India on Thursday announced the linking of SBI credit cards on RuPay platform with UPI. SBI Card customers will now be able to make UPI transactions through credit cards issued on RuPay. The facility can be availed of by registering the credit card with third-party UPI apps, SBI Card, a subsidiary of the State Bank of India, said in a statement.
Processed over 1 bn merchant transactions in November 2021; offline payments up 200% YoY: PhonePe