New Delhi, December 19:
Recent financial trends indicate that consumers are increasingly using credit cards and UPI platforms for high-value purchases, reflecting a shift in payment behaviour across India. Analysts said the change is driven by convenience, rewards, and improved digital payment infrastructure.
According to experts, the use of UPI for significant transactions has grown due to its real-time settlement feature, while credit cards offer additional benefits such as cashback, EMI options, and purchase protection. Retailers and service providers are adapting by supporting multiple digital payment methods to cater to evolving consumer preferences.
Financial institutions noted that this shift also signifies growing consumer confidence in digital and cashless payments. The trend is expected to continue, influencing banking strategies, digital payment adoption, and overall economic activity in the country.
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