PNB UPI Credit Card: Punjab National Bank (PNB) has launched the ‘PNB Kiwi Credit Card’ in collaboration with the fintech company Kiwi. This card is linked to UPI. Its onboarding process is entirely digital, and it carries no joining or annual fees.
PNB UPI Credit Card: The public sector bank, Punjab National Bank (PNB), in collaboration with the fintech company Kiwi, has launched a UPI-linked, RuPay-based credit card. Banks are continuously expanding access to credit facilities through digital payment channels. With this co-branded “PNB Kiwi Credit Card,” customers can make payments via UPI by directly utilizing their credit line—in addition to the traditional methods of online card usage.
Credit Card Payments via UPI
Various measures are being undertaken to enhance the reach of digital payments and credit cards across the country. Approximately 180 million customers of Punjab National Bank can easily utilize this credit card. It is a fully digital credit card. Since it is linked to UPI, payments can be made effortlessly by simply scanning a QR code. This provides individuals with the convenience of making payments even without carrying cash or having a balance in their debit account.
Apply Online from the Comfort of Your Home
This card will be issued in a completely digital manner. Customers can apply online from the comfort of their homes. The card can be obtained without extensive paperwork. A key highlight is that no joining fee or annual charges will be levied on this card, making it even more accessible for the general public.
PNB believes that this initiative will particularly benefit people residing in small cities and rural areas. The bank has over 10,000 branches across the country, a significant number of which are located in small cities and towns. Consequently, this card can extend formal credit even to those who have, until now, remained outside the reach of traditional credit cards.
The Rising Popularity of UPI in India
The adoption of the Unified Payments Interface (UPI) is growing rapidly across India. When making digital payments, a large number of people opt to pay via UPI. All in all, UPI has emerged as the backbone of retail digital payments in India. This facility operates on the RuPay network, enabling users to link their credit cards with UPI applications. It is an initiative aimed at moving beyond traditional card-swiping methods to foster greater utilization of formal credit.
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