Average transaction value drops as users shift to smaller RuPay-UPI purchases.
Mint reported credit card transactions reached 601 million in July. Overall spending grew more slowly while the average value per transaction declined. The outlet linked the pattern to greater use of RuPay cards connected to UPI for everyday buys. The data come from the publication's coverage of payment trends and do not include further verification from other parties in the packet.
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Average transaction value drops as users shift to smaller RuPay-UPI purchases.
Mint reported credit card transactions reached 601 million in July. Overall spending grew more slowly while the average value per transaction declined. The outlet linked the pattern to greater use of RuPay cards connected to UPI for everyday buys. The data come from the publication's coverage of payment trends and do not include further verification from other parties in the packet.
Mint@livemintCredit card transactions increased 24.1% year-on-year to 601 million in July, but overall spending only rose 7.4%. The average transaction value fell 13.5% to ₹3,460, with consumers favouring smaller purchases through RuPay cards linked to UPI.
Mint@livemintCredit card transactions increased 24.1% year-on-year to 601 million in July, but overall spending only rose 7.4%. The average transaction value fell 13.5% to ₹3,460, with consumers favouring smaller purchases through RuPay cards linked to UPI.
