April 5, 2025 | Easemoney News desk: In a significant boost to the digital payment ecosystem of India, the transactions using RuPay credit cards via UPI apps have almost doubled in the first seven months of (FY25). as per the Data from the Ministry of Finance, It reached ₹63,825.80 crore—up from ₹33,439.24 crore during the same period last fiscal.
specific figures for April 2025 are yet to be released by the NPCI. it will likely become available in May or June 2025.
This sharp rise in the transactions reflects the growing indian customer’s preference for fast, contactless payments, integrated with UPI scan & pay system.
According to the phonepe UPI transactions stats, Maharashtra, Tamil Nadu, and Telangana are leading the adoption of modern UPI Payments. RuPay’s share in credit card spending has grown to up to 16%, fueled particularly by UPI-linked usage.
RuPay Credit Card + UPI: Is a Game-Changer for Indian Payments
The National Payments Corporation of India (NPCI) enabled UPI-linked RuPay credit cards in September 2022. It allowed users to make merchant payments using their RuPay credit cards through UPI-enabled apps by scanning QR codes. Since then, adoption has steadily surged, with FY25 marking a significant turning point.
According to NPCI official data:
- Growth: 91% in just 7 months
- Over 750 million RuPay credit cards on UPI transactions were processed
- From the Data 2025, the average monthly expenditure for UPI credit card users has reached approximately ₹40,000 per user.
- The market share of rupay credit card payment is only 2% in 2023, but it will boost to 12% in 2024,
- In February 2025, RuPay’s total share in the credit card market was 16% , where around 8% of total credit card spending was through RuPay credit cards linked to UPI.
- According to NPCI, the average transactions of UPI-linked credit cards is 40 per month, which is significantly higher (eight times) than traditional credit card users.
- A significant portion (around 45%) of UPI-linked credit card users are below the age of 30.
State-Wise Growth Snapshot (As of October 2024)
- Maharashtra: ₹692 crore
- Tamil Nadu: ₹692 crore
- Telangana: ₹506 crore
These states lead in RuPay credit card UPI transactions, indicating strong adoption in both metropolitan and semi-urban areas, including tier-2 and tier-3 cities. A major boost in transactions will happen in 2024-2025.
What experts say:
“RuPay’s UPI integration is India’s unique innovation. With strategic incentives and interoperability, we’re witnessing mass adoption like never before.”
Dilip Asbe, CEO, NPCI
Why Are Indians Choosing RuPay on UPI?
- No Additional Fees for Users: Unlike traditional credit cards, consumers enjoy fee-free UPI payments using credit cards, especially for small merchants and retail spending.
- Wider Merchant Acceptance: There are almost 10 crores of merchants including a street seller like tea sellers, Linking RuPay credit cards extends usability beyond traditional POS terminals.
- Ease of Use: Integration with popular UPI apps (PhonePe, Amazon Pay, Google Pay, Paytm, BHIM) It just takes a few clicks and a link to your card, step pin and spend how much you want without any user charges.
- Rewards & Credit Benefits: The new rupay credit cards like tata neu, kotak indianoil, and IDFC Rupay Cards give much more cashback and rewards by making payments via UPI.
Charges Update for Merchants in 2025 – What’s New?
On May 1, 2025, NPCI is going to revise the interchange fees for select merchant categories. However, consumers remain unaffected, but merchants, especially in high-value sectors, will experience slightly increased Merchant Discount Rates (MDR) when accepting RuPay credit card UPI payments.
Looking Ahead: RuPay’s Trajectory into 2025 and Beyond
As of February 2025, the rupay share has risen to 16% in India, with nearly half of the transactions happening through UPI. This growth suggests that by the end of 2025, RuPay is poised to further solidify its position in the market.
The NPCI’s next initiatives include the 5,000-person-capacity research and development center in Mumbai’s Bandra-Kurla Complex established for upcoming projects, which gives a footprint of expansion of UPI in India and internationally.
Also read this: India’s UPI Goes Global: 20+ Countries to Adopt by FY29, Confirms NPCI
Recent Credit Card News:
- Significant Changes to Credit Cards: SBI, HDFC, IDFC, Axis Bank Revise Benefits from April 2025
- CSB Bank & Jupiter Launch the EDGE RuPay Credit Card: 10% Cashback on Amazon, Flipkart, & More!
For more updates on RuPay, UPI, and India’s fintech revolution, stay tuned to Easemoney News. Follow us at Google News and Flipboard.
