Rise in bank card transactions in India: After the Unified Funds Interface (UPI), now bank card transactions have surpassed debit card utilization in India. Latest information from the Reserve Financial institution of India confirmed a big rise in bank card transactions. Bank card use has overtaken debit card use in April of this yr, with 25 crore service provider card transactions in comparison with 22 crore in April of final yr. When in comparison with debit playing cards, bank card transactions had a complete worth of ₹1.33 lakh crore versus ₹53,000 crore. These embody purchases from e-commerce and bodily retailers.