UPI-enabled credit cards see 20% monthly transaction growth, RuPay market share up to 12%: report

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RuPay’s Unified Payments Interface-enabled credit cards are seeing a 20% increase in average monthly transactions, according to a report by UPI startup Kiwi.The Kiwi 2024 report noted that users of these UPI-enabled cards are now making an average of 40 transactions per month, eight times higher than traditional credit card users with monthly spending rising by 5% to Rs 40,000 per user.

These cards, which feature an average transaction size of Rs 1,125, compared to the average of Rs 4,000 for traditional credit cards, are becoming a go-to option for…



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UPI-enabled credit cards see 20% monthly transaction growth, RuPay market share up to 12%: report


RuPay’s Unified Payments Interface-enabled credit cards are seeing a 20% increase in average monthly transactions, according to a report by UPI startup Kiwi.The Kiwi 2024 report noted that users of these UPI-enabled cards are now making an average of 40 transactions per month, eight times higher than traditional credit card users with monthly spending rising by 5% to Rs 40,000 per user.

These cards, which feature an average transaction size of Rs 1,125, compared to the average of Rs 4,000 for traditional credit cards, are becoming a go-to option for…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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