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…