The average number of transactions using a credit card on UPI was recorded as 21 per month, which is four times higher than a traditional physical credit card.
[Funding roundup] Rakul Preet Singh invests in Wellbeing Nutrition; IndiaMART backs Truckhall yourstory.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yourstory.com Daily Mail and Mail on Sunday newspapers.
2023 saw a decline in global venture funding for Indian startups, but high-profile executives still entered the startup world in sectors like fintech and healthcare. Top executives like Sachin Kataria, Dale Vaz, and others left their lucrative jobs to launch their startups in 2023.
Launching its product in June this year, Kiwi issues virtual RuPay credit cards to users in partnership with Axis Bank, allowing them to link the card to the Unified Payments Interface (UPI) service on its app, and to make digital payments through the infrastructure.