RuPay-on-UPI boosts card usage, but profits remain elusive
Siddharth Mehta, co-founder of fintech Kiwi, said credit-on-UPI is already changing the way cards are used, with customers transacting more than 20 times a month, versus four or five times for a normal card. He said the average ticket size is lower, but monthly spend per user still stays in the ₹15,000 to ₹20,000 range because frequency offsets the smaller ticket sizes.
Post Comment