Representative | Image:PixabayRuPay meets UPI: The recent authorisation by the Reserve Bank of India (RBI) for integrating RuPay credit cards with Unified Payments Interface (UPI) apps introduces several advantages and some constraints for users. Previously, UPI transactions were limited to funds available in savings accounts, but now, with the linkage of RuPay credit cards to UPI, users can tap into their credit limits for everyday transactions, extending wider acceptance amongst merchants and providing an interest-free period of up to 50 days.Practical implications of linking RuPay credit cards to UPIEnhanced convenience and credit accessTraditionally, UPI payments were tied to savings…
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