3 premium articles
◆3 topics
Today's Edition
Monday, 20 April 2026
UPI-linked credit card transactions surged 340% year-on-year in Q3 FY2026 as banks expanded RuPay credit card offerings that can be loaded directly onto UPI apps, bringing credit card benefits to smaller merchants.
Major Indian banks are rolling back credit card reward programmes — cutting lounge visits, reducing milestone cashback thresholds, and imposing higher minimum spends — as card spending growth moderates under the weight of the Iran oil shock.
Get premium financial insights and breaking news delivered to your inbox.