Rising credit card, UPI payments indicate increase in consumption: Report

Amid recovery in economic activities with ebbing impact of Covid pandemic, rising credit card and UPI payments indicate towards increase in consumption, say experts. The Unified Payments Interface (UPI) transaction increased from ₹9.83 lakh crore in April this year to ₹10.73 lakh crore in August, the RBI’s monthly data shows. The data added that the …

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