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RuPay credit cards: UPI integration gives a fillip to RuPay credit cards distribution

RuPay credit cards are seeing a growth in usage after linking with UPI, with its issuance at 30%, up from a mere 5% in 2022-23. The shift towards UPI-based credit cards on third-party apps like Google Pay and PhonePe poses a challenge for banks, raising concerns about customer retention and cross-selling. Fintech startup Fibe, led by Ashish Goyal, foresees a potential share struggle among top UPI apps. ....

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UPI bumps up RuPay market share; cost pressure for gaming firms

Happy Thursday! The integration of UPI with RuPay credit cards has pushed up new issuances but transaction growth hasnt kept up. This and more in today s ETtech Morning Dispatch. ....

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Walmart Says PhonePe and Flipkart IPOs Years Away

Walmart Says PhonePe and Flipkart IPOs Years Away
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Fino Payments Bank: Fino Payments Bank eyes tripling digital banking revenue by FY25

Fino Payments Bank sees an opportunity in the digital banking space after Paytm Payments Bank s exit. To capitalise on this, they re ramping up their digital offerings, aiming to grow their digital revenue share from 5-6% in FY24 to 15% this fiscal year. Since December, Fino has deployed around 14,000 QR codes which reported 300,000 transactions valued at Rs 33 crore. ....

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Ashwini Vaishnaw retains IT Ministry, Jyotiraditya Scindia to be Telecom Minister

Ashwini Vaishnaw retains IT Ministry, Jyotiraditya Scindia to be Telecom Minister
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