Federal Bank partners with NPCI to launch RuPay Wave Credit Card for UPI-powered transactions.

Federal Bank has partnered with NPCI to launch the RuPay Wave Credit Card, which allows UPI-powered transactions on the RuPay network. The card offers benefits such as no joining/AMC fees, 10% cashback on first 5 UPI transactions, and bonus reward points for quarterly spends of ₹50,000. The collaboration aims to simplify digital transactions and increase credit accessibility for Indian consumers.