New Delhi, Jan. 31 -- UPI enabled credit cards are rapidly evolving the financial inclusion landscape in India. This is getting possible by combining convenience of UPI services with the benefits of seamless credit availability.

According to Kiwi's 2024 credit card trends report, these cards account for an average of about 40 monthly transactions per user. Now this number is about 8x i.e., eight times more than traditional credit cards. Just for an example of the growth, Rupay credit cards have witnessed their share jump from 3% in the year of 2023 to about 12% by the end of 2024.

These credit cards work by linking traditional credit cards to UPI applications like PhonePe, Google Pay, Paytm among others. Thus allowing users to make paym...