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Google Pay Accepts Bank Credit Cards, Here’s how

The Reserve Bank of India (RBI) recently modified the restrictions for using credit cards on UPI networks in India. Users can now add their credit cards (including Rupay credit cards) to UPI systems in order to conduct various transactions.

Google Pay is one of the digital wallet platforms available in India, and it is well-liked by its customers for its ease of use.

According to the new RBI rule, UPI transactions performed with credit cards will be as simple as those made with debit cards. Prior to this rule, UPI transactions were done via attaching users’ debit cards to their savings/current accounts. However, there are several restrictions when it comes to using a credit card with UPI.

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Users can pay bills for basic services such as energy, mobile phone number recharge, and water bills with their credit cards. This means that users are unable to send money to other users or make purchases in stores.

How to use Google Pay to make payments with your credit cards

  • Open the menu on your smartphone and select Google Pay.
  • After opening Google Pay tap on the profile icon on the top right corner.
  • Click on the Bank account option.
  • From the menu choose ‘Add credit or debit card’.
  • There are multiple options to add a credit card on Google Pay. You can either scan your credit card or prefer the manual process of entering details.
  • Enter your billing address and mobile number for verification purposes. After this is done, you are ready to make payment via credit card.
  • Now, make payments through your linked credit card.

In terms of payments, India’s UPI platform had been functioning exceptionally well. According to the Reserve Bank of India, there were around 594 crore UPI transactions in May 2022 alone.

As a result, Rs 10.4 lakh crore has been processed through UPI. Credit cards will be added to the UPI platform, which is intended to boost the financial system.

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