To digitally empower MSMEs and help them tide over the challenges of meeting their business-related operational expenses, the Union Bank of India (UBI) and the National Payments Corporation of India (NPCI) have jointly launched a credit card for the bank’s MSME customers. Called the Union MSME RuPay Credit Card, it can be used by the MSMEs to avail interest-free credit for up to 50 days. It will also offer EMI facilities to the MSMEs on their business-related purchases, thus streamlining their regular business expenses and finances. Furthermore, they will also get up to Rs 1 million in insurance coverage and access to the domestic airport lounge.
