UPI Takes Over Merchant Payments in India, Pushing Cards to the Sidelines
UPI has emerged as the dominant payment method for merchant transactions in India, sharply cutting into the use of debit and credit cards for everyday purchases. Debit cards are now used mostly for ATM cash withdrawals rather than point-of-sale shopping. Credit cards are increasingly confined to larger purchases and online e-commerce transactions. RuPay credit cards have been integrated with UPI apps, allowing direct linkage for digital payments. Scanning QR codes has effectively become the default checkout method for routine purchases across the country.
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