Credit cards on UPI: Adoption, MDR are big question marks

Credit cards on UPI: Adoption, MDR are big question marks

author-image

Pratik Bhakta

158 reads
author-image

Pratik Bhakta

158 reads

The Crux newsletter this week. Consumers can now use credit cards to transact on UPI. While it’s a huge leap for mobile payments, there are serious teething troubles. Plus, what the departure of WhatsApp Payments’ head means

September 23, 2022

5 MINS READ

In a six-year span, Unified Payments Interface, or UPI, has become almost the de facto mode for debit transactions, with funds drawn directly from users’ bank accounts. And now, it is warming up to the credit side of the payments world.

Boost for ecosystem: RuPay credit cards went live on UPI this week. Consumers can create a virtual payment address linked to their RuPay account and transact through apps. (BHIM to begin with.) 

Read this article for free

Sign in using

Or

Sign in using your email

Don't have an account?

Forgot Password?

By signing up for The CapTable you agree to the

Terms of Service

and

Privacy Policy

of the platform.

Smart Information, Better Decisions

We report on the latest and most important developments in India’s biggest tech companies and disruptive startups so you can make better decisions.

Inside View with Org Charts

Know the key decision-makers with Org Charts. We thrive on decoding boardroom conversations so we can bring you a 360° view of what's happening at India's high-growth companies.

Seasoned Team

Tracking the highs and lows of India’s biggest internet companies over the past decade has given us access to the right decision-makers to interpret the latest state of play.

Inside View

We thrive on inside scoops and decoding boardroom conversations so we can bring you a 360° view of what’s happening at India’s high-growth companies.

share-button
like-button
share-button

For subscribers only

Premium Reads

>>

View More >>

Deeply reported and objective news on the country´s fastest-growing companies and the people behind them.