1 week ago
CheQ Launches UPI Payments With Rewards for RuPay Credit Cards
CheQ has launched a new service called CheQ UPI.
It lets people pay by scanning UPI QR codes.
Users can pay from linked bank accounts or RuPay credit cards.
CheQ says users can earn rewards when they pay with RuPay credit cards.
CheQ AU RuPay card users can receive 2.5% rewards on UPI transactions.
Other RuPay card users can receive 1.5% extra rewards through CheQ.
Rewards can be used for bills, travel bookings, gift cards and other listed services.
The company wants CheQ to be used for both everyday payments and credit management.
CheQ launched CheQ UPI for payments through linked bank accounts and RuPay credit cards.
Users can scan UPI QR codes across India’s merchant network.
CheQ says it is the first platform to offer rewards on RuPay-linked credit card UPI payments.
CheQ AU RuPay cardholders receive 2.5% rewards on RuPay credit card UPI transactions.
Other RuPay credit card users receive 1.5% rewards in addition to existing bank rewards.
- Who
- CheQ, founded and led by Aditya Soni, launched the service for RuPay credit card users and other UPI users.
- What
- CheQ launched CheQ UPI, which supports UPI payments through linked bank accounts and RuPay credit cards while offering rewards.
- Where
- Across India’s merchant network, with the announcement issued from Bengaluru, Karnataka, India.
- When
- August 26; the year is not specified in the provided article.
- Why
- CheQ said the launch is intended to extend its credit-management platform into everyday payments and help users gain more value from their credit.
Key facts
- Service
- CheQ UPI
- Payment methods
- Linked bank accounts and RuPay credit cards
- CheQ AU RuPay reward
- 2.5% on all RuPay credit card UPI transactions
- Other RuPay card reward
- 1.5% in addition to existing bank rewards
- Selected merchant rewards
- 12% at CheQ Travel, Amazon, Flipkart, Zomato and BigBasket for CheQ AU RuPay card users
- Additional merchant rewards
- 5% across more than 10,000 other merchants for CheQ AU RuPay card users
- Reward redemption
- Travel bookings, gift cards, utility bills and credit card bills, depending on the user offer
Quotes
Aditya Soni
Founder and CEO of CheQ
“CheQ started with a simple ambition: to help people get more out of their credit. With CheQ UPI, we’re taking that ambition into something Indians do multiple times everyday — payments. CheQ UPI brings together the scale and simplicity of UPI with CheQ’s deep understanding of credit card users.”
theprint.in
Sources
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