Google Pay, Axis Bank Launch RuPay-UPI Credit Card with Instant Rewards

• Google Pay partnered with Axis Bank to launch a co-branded credit card on the RuPay network.
• The card links directly to UPI accounts, enabling seamless merchant payments.
• A key differentiator is its instant rewards mechanism, allowing real-time redemption on subsequent transactions.
• This move intensifies competition in India's digital payments, with rivals like PhonePe and Paytm already offering similar cards.
• The card also offers repayment flexibility, allowing users to convert monthly bills into EMIs.

Why It Matters: Google Pay enters RuPay-UPI credit card market, offering instant rewards and flexible repayments.