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[ad_1] Curated By : Business Desk Last Updated: November 13, 2023, 14:31 IST Linking your credit card to UPI ensures hassle-free payments. Linking your credit card to UPI payment apps, like GooglePay, PhonePe and Paytm, allows you to make payments where PoS machines aren't available. Online payments are gaining popularity among users due to the convenience and speed. Whether making purchases online or at physical stores, more and more customers are adopting online payments via Unified Payments Interface (UPI). The National Payments Corporation of India (NCPI) managed platform has emerged as one of the largest online payments platforms in India. You can make UPI payments through multiple apps, including GooglePay, PhonePe and Paytm, among others. Earlier, the UPI payments were allowed using a savings account or the debit card through any of the online payment platforms. The customers can enjoy more convenience and flexibility for online payments as the Reserve Bank of India

[ad_1] Card issuers and payment processors must prioritise adaptability, personalisation, and secure solutions to safeguard consumers' financial well-being in this rapidly changing environment. As the industry continues to evolve, several key trends have shaped the market landscape, fueling its growth in the recent year. By Shailendra Singh In the dynamic landscape of credit cards, the year 2023 proved to be a pivotal period marked by substantial growth and evolution, particularly in India. The sector witnessed notable transformations driven by shifts in consumer preferences and economic dynamics, leaving an indelible mark on the market. According to the Reserve Bank of India (RBI), credit card usage in India experienced a remarkable surge, reaching a historic high of Rs 1.78 lakh crore in October 2023. This surge, fueled by robust consumer activity during the festive season, is indicative of a broader trend in the market. Projections suggest that the number of credit card use