Update: In an emailed response, PhonePe CEO Sameer Nigam said that PhonePe will take "few more months to add support for all other card networks." No definitive date was provided. He also added that PhonePe will not require IFSC code to be entered to make a credit card bill payment and requires users to enter their credit card number and make the payment using UPI or debit cards. He also clarified that the NPCI sets a daily limit of Rs 1 Lakh for UPI transactions."For Debit cards there is no limit at all. So users can pay their CC bills no matter how high their bill," he added. Earlier: PhonePe, the unified payments interface (UPI) payments application from Flipkart, has now introduced credit card bill payments. On the app, it has a new tab for a credit card under the 'recharge and pay bills' section. Right now, it looks like it will only be supporting credit cards which are on the Visa network. No word on credit cards which are on other card networks such as MasterCard, RuPay and American Express. MediaNama has written to the company for a comment on the addition and will update once we hear from them. The addition of credit card bills is significant as this is a feature that is not available in most wallet apps. But what is more interesting is that PhonePe seems to be taking aim at mobile banking applications. Traditionally, credit card bills were paid online through NEFT and require users to…
