PhonePe, HDFC Bank unveil co-branded RuPay credit card with UPI credit payments
Designed for digital-first users, the card offers tailored rewards and spending benefits. The Ultimo variant provides:
10% reward points on transactions via the PhonePe app—bill payments, recharges, travel, and Pincode purchases
5% reward points on select online merchant spends
1% reward points on UPI 'Scan & Pay' transactions
Two complimentary domestic airport lounge visits every quarter
Both variants support seamless UPI-linked payments through credit and can be managed directly in the PhonePe app. Users can apply for the card digitally, and HDFC Bank will issue and activate the card upon approval. The rollout will occur in phases.
The partnership combines HDFC Bank's credit capabilities with PhonePe's digital penetration, targeting India's growing population of UPI-savvy users.
As of April 2025, PhonePe boasts over 61 crore users and a merchant network of 4 crore outlets, processing more than 34 crore daily transactions and over ₹150 lakh crore in annual TPV.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
2 hours ago
- Time of India
'Surprise': Putin's Men AMBUSH Ukrainian Troops To Capture Donetsk Settlement; Zelensky's Men Flee
India's Crude Oil Imports From U.S. Jump 51% Since Donald Trump's Return To White House India has sharply increased crude oil imports from the US during President Donald Trump's second term, marking a major energy policy shift. In the first half of 2025, US crude imports rose over 50% year-on-year, reaching 0.271 million barrels per day. The April–June quarter saw a 114% surge, with the value rising from $1.73 billion to $3.7 billion. In July, imports rose 23% over June, increasing the US share in India's oil mix from 3% to 8%. LNG imports nearly doubled to $2.46 billion, and LPG imports also grew. Talks are ongoing for a long-term LNG deal. Despite growing energy ties, a setback emerged as Trump announced 25% tariffs on Indian goods, effective August 7, citing trade barriers, imbalances, and India's ties with Russia. He posted strong criticism of India on Truth Social, dismissing its economic relationship with the US and calling for separation from Russia-linked economies.#crudeoil #indiaustrade #trumptariffs #energytrade #indiarussia #lng #lpg #truthtalk #geopolitics #internationalrelations #toi #toibharat 15.9K views | 6 hours ago
Time of India
2 hours ago
- Time of India
Israel's 'Secret' Syria Raid: IDF Paratroopers Storm 4 Sites In South Syria As Sweida Truce Frays
India's Crude Oil Imports From U.S. Jump 51% Since Donald Trump's Return To White House India has sharply increased crude oil imports from the US during President Donald Trump's second term, marking a major energy policy shift. In the first half of 2025, US crude imports rose over 50% year-on-year, reaching 0.271 million barrels per day. The April–June quarter saw a 114% surge, with the value rising from $1.73 billion to $3.7 billion. In July, imports rose 23% over June, increasing the US share in India's oil mix from 3% to 8%. LNG imports nearly doubled to $2.46 billion, and LPG imports also grew. Talks are ongoing for a long-term LNG deal. Despite growing energy ties, a setback emerged as Trump announced 25% tariffs on Indian goods, effective August 7, citing trade barriers, imbalances, and India's ties with Russia. He posted strong criticism of India on Truth Social, dismissing its economic relationship with the US and calling for separation from Russia-linked economies.#crudeoil #indiaustrade #trumptariffs #energytrade #indiarussia #lng #lpg #truthtalk #geopolitics #internationalrelations #toi #toibharat 8.1K views | 6 hours ago
India Today
6 hours ago
- India Today
Google Pixel 9 price drops to lowest in Flipkart sale
Google Pixel 9 price drops to lowest in Flipkart sale By Divya Bhati The Google Pixel 9 has received its biggest price drop yet on Flipkart, now available for just Rs 74,999, down from its original Rs 79,999 ( 12GB RAM + 256GB storage). But there is more. You can further reduce the price with an additional Rs 7,000 off on HDFC Bank credit card EMI transactions. Flipkart Axis Bank credit card users can also avail Rs 3,750 discount, while debit card users get Rs 750 off. The Pixel 9 comes powered by the new Tensor G4 processor. It features 50MP + 48MP rear camera setup, 10.5MP front camera. On the front there is a 6.3-inch display. Under the hood the Pixel 9 is powered by a 4700mAh battery. With all offers combined, this is one of the best times to grab the Pixel 9 on Flipkart. Also Read: Google Pixel 9 review: AI AI captain!
