RBI data, card-market moves, payments updates, and consumer-impact notes for India.
RBI's customer-protection framework makes fast reporting central to limiting liability after unauthorized electronic banking and card transactions.
NPCI's RuPay Credit Card on UPI framework lets eligible RuPay credit cards be linked to UPI for merchant QR payments, with clear restrictions on P2P and cash-withdrawal use cases.
ET, citing RBI data, reported 120M+ active cards, Rs. 2.02 lakh crore in monthly spends, and 6.3% YoY spend growth. The consumer read: adoption is widening, but issuers are managing risk and rewards more tightly.
RBI's amendment to the Credit Card and Debit Card Directions clarified rules around interest on unpaid amounts, late-payment charges, billing cycles, card closure timelines, and cardholder consent.
NPCI says RuPay credit cards can be linked to a UPI ID for merchant QR payments. The feature expands credit-card acceptance, but excludes P2P, P2PM, card-to-card, and merchant cash-withdrawal use cases.