Google has also rolled out its first credit card product in India, the Google Pay Flex Axis Bank Credit Card, a fully digital, UPI-based, co-branded credit card created on the RuPay network in conjunction with Axis Bank. The card, available within the Google Pay app, can be applied for instantly without any paperwork and can be linked to UPI to make payments at millions of merchants by connecting your RuPay credit card. It offers features such as instant rewards, customizable repayments, and in-app spending management, marking Google's first steps in the Indian credit sphere and expanding online access to credit.
Key Features of Google’s Co-Branded Credit Card
-
Digital credit card, fully UPI-enabled and available directly in the Google Pay application, with a paperless application procedure.
-
Works on the Ru pay network, which enables one to pay at a very wide variety of online and offline retailers in India.
-
Allows the connection of the credit card with UPI to organic QR payments.
-
Rewards customers with instant in-app redemption on qualifying transactions.
-
Offers intelligent in-app scalability on spending tracking, bill management, security, and flexible repayment plans such as EMIs.
Axis Bank Driving RuPay–UPI–Based Digital Credit
-
Axis Bank and Google Pay have joined hands to create a co-branded credit card that is fully digital and UPI-based, and functions under the RuPay network.
-
The bank facilitates easy integration of the credit card with UPI, which offers Google Pay payments in QR or at merchants.
-
Axis Bank offers safe banking facilities to issue digital credit and manage credit management in real time.
-
The partnership helps in the use of credits flexibly, repayments, and EMIs on the app.
-
This project enhances the use of digital credits using RuPay and UPI nationwide.
PYQs on Credit Cards, Debit Cards, RuPay & UPI
| Question Asked | Answer | Exam Name | Year |
|---|---|---|---|
| Which organization operates the RuPay card payment network? | NPCI | SSC CGL | 2019 |
| RuPay is India’s indigenous card payment system developed by? | National Payments Corporation of India | SSC CHSL | 2020 |
| Which card is linked directly to a bank account? | Debit Card | RRB NTPC | 2018 |
| UPI stands for what? | Unified Payments Interface | SSC MTS | 2019 |
| Which body regulates UPI in India? | RBI | SSC GD | 2021 |
| Which payment system allows instant bank-to-bank transfers via mobile? | UPI | RRB Group D | 2022 |
| Credit cards allow spending based on which facility? | Credit Limit | SSC CGL | 2022 |
| Which Indian payment system competes with Visa and Mastercard? | RuPay | UPSC Prelims | 2021 |
| Which platform enables linking RuPay credit cards with UPI? | UPI | SSC CHSL | 2023 |
| Which ministry promotes digital payments like UPI and RuPay? | Ministry of Finance | SSC GD | 2023 |
| UPI was launched in which year? | 2016 | RRB NTPC | 2020 |
| Which organization manages UPI operations? | NPCI | SSC CPO | 2022 |
| Which card type charges interest if payment is delayed? | Credit Card | SSC MTS | 2022 |
| RuPay cards are accepted domestically and internationally under which initiative? | Discover / Global alliances | SSC CGL | 2023 |
| Which digital payment system uses VPA instead of an account number? | UPI | SSC GD | 2024 |
Conclusion
The launch of the first-ever credit card Google has ever done in India on the RuPay card system is a significant move towards the expansion of access to digital credits. The program enables India to improve its digital payments system and become a global leader in fintech development by integrating UPI convenience, the ubiquitous nature of the RuPay, and banking services.
