Exciting news for RuPay BOBCARD holders! BOBCARD LIMITED, in partnership with RuPay, has introduced a seamless EMI service on UPI payments. Here’s a breakdown of how this new feature works and how it can benefit you.
What’s New?
- RuPay BOBCARD holders can now convert UPI transactions into EMIs by simply scanning a QR code through their UPI app.
- This applies to purchases made at any UPI-accepting merchant (online and offline).
- The service is designed to offer convenience and flexibility for high-value purchases, allowing customers to spread payments into manageable instalments.
How to Use the EMI Facility?
1. Make a Purchase:
Use your RuPay BOBCARD linked to a UPI app at any UPI merchant.
2. Select EMI at Checkout:
During payment, select the EMI option and choose your preferred tenure for the instalments.
3. Confirm with UPI PIN:
Your UPI PIN will act as your consent after accepting the relevant terms and conditions. No additional paperwork is needed!
4. Track Your EMIs:
Use the UPI app to track ongoing EMIs and ensure timely payments, giving you full transparency on your instalments.
Benefits of BOBCARD’s EMI on UPI
- No Paperwork: The entire process is digital, eliminating the need for extra documentation.
- Flexible Payment Options: Choose your EMI period based on your preferences, making high-value purchases easier to manage, especially during festive seasons.
- Convert Past Purchases: You can also convert previous transactions made with your RuPay credit card into EMIs by checking your transaction history on the UPI app.