PhonePe and HDFC Bank unveil co-branded RuPay credit card
PhonePe and HDFC Bank have teamed up to launch a RuPay credit card that works with UPI, making it super easy for digital-first users.
The card comes in two versions—Ultimo and UNO—and lets you pay for everything from bills to groceries right through the PhonePe app.
Ultimo variant offers multiple benefits for users
With the Ultimo variant, you get 10% reward points on spends via the PhonePe app, 5% at select online stores, and 1% when using UPI "Scan & Pay."
Plus, there are two complimentary domestic airport lounge accesses per quarter.
You can manage payments and track rewards easily within the app.
PhonePe's user base and HDFC's credit expertise
By combining HDFC's credit expertise with PhonePe's huge user base (over 610 million people), this move aims to make credit more accessible for young, digital-savvy shoppers.
The rollout is set to boost UPI-based credit cards across India's fast-growing digital payment scene.