India’s digital payments ecosystem is anchored around UPI, with a large share of transactions now comprising small, frequent payments such as QR scans at stores, mobile recharges and utility bill payments. This shift in transaction patterns is also being reflected in how credit card features are structured.
What’s changing in cards? Recent credit card offerings show a broader mix of features, including support for UPI payments through RuPay networks, rewards on routine categories such as bill payments and recharges, and cashback structures linked to everyday spending, alongside existing travel and lifestyle benefits.
