PNB Partners Kiwi to Launch RuPay Credit Card on UPI Platform

Punjab National Bank (PNB) has partnered with fintech firm Kiwi to introduce a co-branded RuPay-based credit card integrated with Unified Payments Interface (UPI). 

The “PNB Kiwi Credit Card” allows users to make UPI payments directly using a credit line, in addition to standard online card transactions. 

Digital Onboarding And Accessibility

The new credit card will be offered to PNB’s vast customer base of around 180 million users. The onboarding process is fully digital, ensuring ease of access and faster adoption. By leveraging UPI’s widespread usage, the product aims to simplify credit access and integrate seamlessly into everyday payment habits.

Focus On Financial Inclusion

PNB’s initiative is particularly targeted at expanding formal credit access in semi-urban and rural areas, where the bank has a strong presence through its network of over 10,000 branches. By enabling QR-based credit transactions, the card helps bridge the gap between traditional banking and digital finance, encouraging more users to adopt formal credit channels.

Role Of Kiwi And RuPay Network

Kiwi, a relatively new player in the credit-on-UPI space, specialises in enabling credit card transactions through QR codes. This collaboration marks its first partnership with a public sector bank. The card operates on the RuPay network, which supports linking credit cards to UPI apps, a key initiative to drive credit penetration beyond physical card usage.

Features And Industry Outlook

The PNB Kiwi Credit Card offers cashback benefits on both UPI and online transactions and comes with no joining or annual fees. As industry players increasingly explore credit-on-UPI solutions, adoption will depend on user awareness, merchant acceptance, and prudent risk management practices.

PNB Share Price Today

On April 23, 2026, PNB share price opened at ₹114.20, touching the day’s low at ₹113.22, as of 12:05 PM on the NSE.

Also Read: PNB Housing Targets ₹1 Lakh Crore AUM, Bets Big on Affordable Segment for Growth!

Conclusion

The partnership between PNB and Kiwi highlights the evolving landscape of digital payments in India. By combining the reach of UPI with credit functionality, this initiative has the potential to expand financial inclusion and reshape how consumers access and use credit.

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