Buyers prefer UPI for daily needs, cards for large deals: Report

Indians favor cash and UPI for daily online purchases but opt for credit cards for high-value items like smartphones and furniture. This trend is amplified by festive season offers and the growing adoption of credit instruments among Gen Z and millennials, driving a 35% rise in digital payment volumes in urban India.

Buyers prefer UPI for daily needs, cards for large deals: Report
Indians favor cash and UPI for daily online purchases but opt for credit cards for high-value items like smartphones and furniture. This trend is amplified by festive season offers and the growing adoption of credit instruments among Gen Z and millennials, driving a 35% rise in digital payment volumes in urban India.