Unity Bank BharatPe Credit Card – Your Gateway to Smart Payments

BharatPe, a leader in financial services and UPI payments, has launched the Unity Bank BharatPe Credit Card in collaboration with Unity Small Finance Bank. This card introduces industry-first attributes that enhance everyday transactions such as groceries, bill payments, travel, utilities, insurance premiums, and various lifestyles, both in online and offline settings. The card operates on the National Payments Corporation of India (NPCI) RuPay network, allowing users to link it seamlessly to UPI for secure and hassle-free payments across millions of merchants in India.

Key Features of Unity Bank BharatPe Credit Card

This credit card comes with a zero-fee structure, eliminating all hidden charges. There are no joining fees, annual costs, processing fees, or penalties for early repayment. Customers appreciate the advantage of prepaying their EMIs at any time without incurring additional fees, ensuring that credit access is straightforward and stress-free.

Flexible EMI Options

The card provides flexible EMI choices for up to 12 months, facilitating customers in managing larger purchases effortlessly. A standout feature of this credit card is the unlimited flat 2% rewards (known as Zillion Coins) earned on every transaction made upon converting to EMI, applicable across all merchant categories and platforms without any restrictions. Zillion Coins can be redeemed via the BharatPe app for brand vouchers, products, or for settling credit card bills.

Statements from BharatPe Officials

Kohinoor Biswas, Head – Consumer Business at BharatPe, stated that their commitment has always been to simplify credit access, making it transparent and inclusive. With the introduction of the Unity Bank BharatPe Credit Card, customers receive a genuinely lifetime free card free of hidden costs. Additionally, integrating the RuPay Credit Card with UPI delivers numerous convenient payment solutions for users.

BharatPe’s Expanding Financial Footprint

In April, BharatPe’s subsidiary Resilient gained final approval from the Reserve Bank of India (RBI) to function as an online payment aggregator. This positions BharatPe as one of the select Indian fintech entities to possess an NBFC license (through Trillion Loans), a stake in a small finance bank (Unity SFB), and now a payment aggregator license.

Transaction Processing Milestones

Presently, BharatPe maintains a registered network exceeding 2.5 million merchants across more than 450 cities, processing over 500 million UPI transactions each month. The monthly Transaction Processed Value exceeds Rs 12,000 crore.