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RuPay credit cards are seeing a growth in usage after linking with UPI, with its issuance at 30%, up from a mere 5% in 2022-23. The shift towards UPI-based credit cards on third-party apps like Google Pay and PhonePe poses a challenge for banks, raising concerns about customer retention and cross-selling. Fintech startup Fibe, led by Ashish Goyal, foresees a potential share struggle among top UPI apps.

Kiwi's integration with UPI boosts RuPay credit card adoption, with virtual cards gaining popularity among young adults.

The average number of transactions using a credit card on UPI was recorded as 21 per month, which is four times higher than a traditional physical credit card.

With 75 per cent of all 'Credit Cards (CC) on UPI' transactions happening at small merchants, a new report on Thursday said that UPI (Unified Payments Interface) integration has fuelled growth in RuPay credit cards.New Delhi, May 23 (IANS) With ...

Nominal IndexGurdarshan Singh Gill v. UOI 2023 LiveLaw (PH) 151Sukhbir Singh Badal vs. State of Punjab and another 2023 LiveLaw (PH) 152Case Title: Sukhwinder Singh v. State of Punjab and others Case...