Google Pay Unveils First Credit Card: Instant Rewards & UPI Payments!

• Google Pay launched its first co-branded credit card in India with Axis Bank on the RuPay network.
• The card uniquely allows UPI linkage, enabling easy payments at shops and merchants.
• It offers instant cashback and rewards on every transaction, redeemable immediately.
• Google's Senior Director, Sharath Bulusu, highlighted the focus on easy reward redemption.
• The card also provides EMI conversion options for monthly bills, aiming to increase credit access in India.

Why It Matters: Google Pay enters India's credit card market with a RuPay-based card offering UPI linkage and instant rewards.