High-value buying shifts to credit cards, UPI for everyday payments amid decline in debit card usage: Report
Credit cards continued to dominate high-value consumer spending in the country, while UPI further strengthened its position as the preferred mode for everyday payments, according to a report by Worldline. The report highlighted shifting payment behaviour, with users increasingly favouring credit cards, UPI and prepaid instruments, while debit card usage continued to decline.The report stated…
