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Linking RuPay credit cards with UPI a game-changer, but pain points remain

It could well be argued that had UPI been profitable for banks, they may have been able to settle for a lower MDR on RuPay credit cards

Topics
RuPay cards | Credit cards | UPI

Raghu Mohan 



UPI
The July 2022 issue of the Reserve Bank of India’s (RBI’s) monthly Bulletin says there were 76 million credit cards in circulation in May, compared with 923 million debit cards.

Come September, and millions will be able to buy whatever they’ve set their hearts on and pay through RuPay linked to the Unified Payments Interface (UPI).

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First Published: Sun, July 31 2022. 18:03 IST

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