ZET Secures NPCI Approval to Enable UPI Payments via RuPay Credit Cards

In a significant boost to India’s digital payments ecosystem, credit-focused fintech company ZET has received approval from the National Payments Corporation of India (NPCI) to function as a Third-Party Application Provider (TPAP). This approval allows ZET to offer Unified Payments Interface (UPI) services and marks an important milestone in integrating credit card functionality with UPI.

Following the approval, the company has launched ZET UPI, a service that enables users to make UPI transactions using RuPay credit cards issued through the ZET platform. This move strengthens the role of credit in everyday digital payments and supports India’s broader goal of fintech-driven financial inclusion.

What is TPAP Approval and Why It Matters

A Third-Party Application Provider (TPAP) is an entity authorized by NPCI to provide UPI-based payment services through its application. TPAPs operate in partnership with banks and payment processors to enable users to send and receive money seamlessly.

With NPCI’s nod, ZET can now directly participate in the UPI ecosystem, allowing its customers to link and use RuPay credit cards for UPI transactions. This is significant because UPI was initially designed mainly for bank account-based payments, and the inclusion of credit cards adds a new dimension to digital spending.

Launch of ZET UPI: Credit Meets UPI

After receiving NPCI approval, ZET introduced ZET UPI, a feature that allows users to pay merchants, scan QR codes, and conduct regular UPI transactions using their RuPay credit cards.

Traditionally, credit cards were used mainly for point-of-sale terminals and online shopping. With this development, users can now enjoy the convenience of UPI while also benefiting from the credit line offered by their cards. This blend of UPI’s ease and credit card flexibility is expected to encourage more users to adopt digital payments for daily expenses.

Banking and Technology Partnerships

To power its UPI services, ZET has partnered with RBL Bank, formerly known as Ratnakar Bank Limited. The bank acts as the UPI payment service provider (PSP) partner, ensuring secure banking integration and regulatory compliance.

The transaction processing infrastructure is supported by Juspay, a well-known payments technology platform. Juspay provides the backend technology that ensures smooth, secure, and fast transaction processing for ZET UPI users.

These partnerships are crucial in building a robust, scalable, and secure digital payments framework.

Cashback and Rewards for Users

ZET is also offering additional incentives to attract users to its new UPI service. Customers who hold ZET-issued credit cards and maintain an active subscription plan will be eligible for cashback benefits on UPI transactions.

These cashback offers come in addition to existing credit card rewards, making UPI payments more attractive for users. This strategy encourages customers to shift more of their daily transactions to digital platforms while enjoying financial benefits.

Boost for RuPay Credit Cards on UPI

The move supports the wider adoption of RuPay credit cards on UPI, a facility that NPCI has been actively promoting. RuPay, India’s domestic card network, is being integrated with UPI to provide a homegrown alternative to global card networks and to deepen digital payment penetration.

By enabling RuPay credit cards for UPI, ZET is helping expand the use cases of credit cards beyond traditional card swipes. This can lead to higher transaction volumes and increased financial inclusion, especially among users who prefer short-term credit for everyday expenses.

Strengthening Credit-Based Digital Payments

ZET’s entry into the UPI ecosystem reflects a growing trend of credit-based digital payments in India. While UPI has traditionally been debit-led, the inclusion of credit cards offers users more flexibility in managing cash flow and spending.

This development aligns with India’s push to create a cashless, technology-driven financial system where users have multiple digital payment options. It also helps bring more consumers into the formal financial system by linking credit products with widely used payment platforms.