Revolutionizing UPI Payments with a No-Fee Credit Card In an exciting development aimed at reshaping the way Indian consumers engage with UPI transactions, Axis Bank has teamed up
In an exciting development aimed at reshaping the way Indian consumers engage with UPI transactions, Axis Bank has teamed up with fintech platform super.money to launch the Axis Bank Supermoney RuPay Credit Card. What sets this credit card apart? It offers 3% cashback on QR-based UPI payments — and it’s lifetime-free!
The new credit card is designed with India’s digital-first users in mind, particularly those who make daily purchases ranging from groceries to tea stalls, but have never seen any rewards for their digital payments. This collaboration makes it possible for users to earn rewards without paying hefty annual fees, making it an attractive option for many.
Unlike traditional credit cards that offer rewards for purchases in specific categories like shopping or dining, this RuPay-powered card is focused on UPI transactions, a payment method that has become ubiquitous in India.
One of the biggest benefits of this card is that it’s lifetime-free. This makes it a perfect solution for people who want to benefit from credit card perks without the burden of annual fees or hidden charges. The cashback rewards apply to both physical POS and Scan & Pay UPI transactions.
While the card offers great rewards, the cashback is capped at Rs 500 per monthly billing cycle. However, this still allows for a generous return on UPI spending. If you make regular purchases through UPI, reaching the cap is achievable.
This new credit card is primarily aimed at India’s digital-savvy users who rely on UPI for their everyday purchases. Whether it’s paying for a quick meal, buying groceries, or shopping at local stores, digital payments have become an integral part of daily life in India. However, most of these transactions typically don’t offer any cashback or rewards.
With millions of UPI transactions happening every day, this card presents an opportunity to earn rewards from purchases that otherwise wouldn’t offer any. Super.money, by collaborating with Axis Bank, hopes to tap into this under-served segment, making credit cards accessible to a wider range of digital-first consumers.
India’s UPI ecosystem is one of the fastest-growing in the world, with billions of transactions conducted every month. Despite the rapid adoption of UPI, most of these transactions go unrewarded, which leaves a massive gap in the market for financial products that can cater to UPI users.
Axis Bank and super.money’s collaboration comes at the perfect time, providing a solution to India’s rapidly expanding digital economy. This credit card not only rewards users for everyday purchases but also encourages further adoption of digital payments.
By offering a no-fee and reward-based product, the Axis Bank Supermoney RuPay Credit Card makes credit more accessible to a wider demographic, especially those who may not typically use traditional credit cards. With the ease of UPI and no upfront costs, this card is an attractive choice for many Indian consumers.
The launch of the Axis Bank Supermoney RuPay Credit Card could signal the start of more innovations within the digital payment space, particularly in rewarding UPI users. As the adoption of UPI grows, it’s likely that more companies will introduce similar products tailored to meet the needs of digital-first consumers.
This credit card is not just about earning cashback; it’s a reflection of how banks and fintech companies are increasingly focusing on the future of digital payments in India. The Axis Bank Supermoney RuPay Credit Card is a step toward rewarding and encouraging UPI usage, making it a valuable addition to the digital payment landscape.
For digital-first consumers looking to make the most out of their everyday purchases, the Axis Bank Supermoney RuPay Credit Card is an attractive, cost-effective option. With 3% cashback on UPI transactions, no annual fees, and a lifetime-free offer, it’s a card that rewards the small, everyday purchases that many others ignore.
As UPI continues to dominate digital payments in India, this card sets a new precedent for the industry by making it easier than ever to benefit from digital transactions. If you haven’t already, this might be the right time to embrace the future of credit cards — one that’s tailored specifically to the growing digital-first consumer base in India.
