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The Economic Times

Economy / The Economic Times

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UPIs market share expands more at debit, credit cards expense

UPI now dominates India's digital merchant payments, capturing a significant market share. Credit and debit cards are steadily losing their previous positions in this sector. The digital payments market continues to expand, with UPI capturing much of this growth. Proposed changes may introduce nominal charges on select higher-value UPI merchant transactions. This shift focuses on the sustainability of the UPI payment ecosystem.

29 Aug 2026 11:57 am