UPI-enabled credit cards see 20% monthly growth, users avg 40 transactions

Users of UPI-enabled credit cards are averaging 40 transactions per month, eight times higher than traditional credit card users, according to a report by Kiwi, a fintech company offering credit on UPI services.

The number of transactions made with UPI-enabled credit cards is growing at a rate of 20 per cent monthly, accompanied by a 5 per cent rise in average monthly spending. In 2024, the average monthly spending per user was Rs 40,000, data from Kiwi revealed.