Union Minister for MSMEs, Shri Narayan Rane, has launched the Union MSME RuPay Credit Card, a new offering from Union Bank of India developed in collaboration with NPCI. This card aims to simplify operational expense payments for MSMEs, providing benefits such as digital payments, an interest-free period of up to 50 days, EMI options for business purchases, and access to curated digital business services. The card also includes accidental insurance, lounge access, and other RuPay rewards, ultimately reducing the need for cash withdrawals and enhancing transaction monitoring for banks.
Union Minister for Micro, Small Medium Enterprises, Shri Narayan Rane today launched theUnionMSME RuPay Credit Cardof Union Bank of India in Sindhudurg at the two day MSME Conclave being held in the district. The card is being offered by Union Bank of India in association with National Payments Corporation of India (NPCI). It provides a simplified payment mechanism to MSMEs to meet their business-related operational expenses.
The RuPay Card offers benefits like anytime digital payments,
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FAQ :
The Union MSME RuPay Credit Card was launched by the Union Minister for Micro, Small & Medium Enterprises, Shri Narayan Rane.
The Union MSME RuPay Credit Card is offered by Union Bank of India.
The card offers a simplified payment mechanism, anytime digital payments, an interest-free period of up to 50 days, EMI facility on business purchases, and specially curated business services.
Yes, the card includes accidental insurance coverage, lounge access, and other rewards offered by NPCI on RuPay cards.
It simplifies and expedites payment mechanisms for operational expenses, reduces the demand for cash withdrawal, and helps businesses move onto digital platforms.