Core Insights - ZET has received approval from the National Payments Corporation of India (NPCI) to operate as a third-party application provider (TPAP) within the Unified Payments Interface (UPI) system, enabling the launch of ZET UPI for credit card payments [1][2] Group 1: Service Launch and Features - ZET UPI allows users to make UPI payments using RuPay credit cards issued through its platform, expanding the use of credit cards for everyday transactions [2] - The service is designed to integrate seamlessly into users' daily lives while promoting healthy credit habits without altering payment methods [2] - The new feature leverages the RuPay UPI-on-credit-card framework, processing UPI transactions via a credit facility rather than directly from bank accounts [2] Group 2: Infrastructure and Partnerships - The payment infrastructure is built on technology from Juspay and is supported by RBL Bank as the banking partner [3] - ZET credit card holders with active subscription plans will receive cashback incentives on UPI payments, in addition to existing card rewards [3] Group 3: Market Potential and User Base - ZET focuses on secured credit cards to assist users with limited or no credit history, helping them build credit scores through consistent usage and timely repayments [4] - The company anticipates that UPI transactions using credit cards on its platform could reach approximately ₹1 billion per month [4] - ZET has an eligible user base of around one million, with approximately 75% being first-time credit cardholders [5]