New Delhi, Aug. 5 -- The nation's shift towards digital payments has resulted in virtual credit cards becoming increasingly popular, providing instant availability of credit, enhanced security, and seamless integration with e-commerce platforms.

Recent official data underscores this momentum. In FY2024-25, the Unified Payments Interface (UPI) handled a record 18,587 crore transactions amounting to Rs.261 lakh crore in value, representing a 41% year-on-year surge.

Furthermore, UPI now accounts for more than 83% of the nation's digital payment transaction volume, leading the world in real-time payments and powering the rapid shift towards a cashless ecosystem.

It is important to keep in mind that UPI's dominance drives the virtual credit...