🚀 Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. 🔥
✕
Login
Home
News
Messages
Startup Showcase
Trackers
Premium
Premium Content
Jobs
Notifications
Settings
Try our Valuation Calculator →
Log In
News on Medial
Adani Group plans entry into UPI, ONDC, and credit cards: Report
YourStory
·
1y ago
Medial
Adani Group is planning to enter the ecommerce and digital payment services sector in India. The conglomerate is finalizing the launch of a co-branded credit card and considering applying for a license to operate on the unified payments interface network. Adani is also in discussions to offer online shopping through the Open Network for Digital Commerce. These services will be integrated into Adani's consumer app, Adani One, which currently offers travel-related services. The new offerings will initially target existing customers of Adani's various businesses. Additionally, plans are underway to incorporate NDTV content into the app.
View Source
Related News
Adani’s Super App Push: Adani One Launches Co-Branded Credit Cards With ICICI Bank
Inc42
·
1y ago
Medial
Adani Group has partnered with ICICI Bank to launch two credit cards - Adani One ICICI Bank Signature Credit Card and Adani One ICICI Bank Platinum Credit Card, with annual fees of INR 5,000 and INR 750 respectively. The cards will provide up to 7% Adani Reward Points on spending within the Adani Group consumer ecosystem, including Adani One app, Adani CNG pumps, and Adani-managed airports. Adani One recorded an annual gross merchandise value of INR 750 Cr in FY24, with 30 million users.
View Source
Linking RuPay credit cards to UPI: What you need to know
Money Control
·
1y ago
Medial
Linking your credit card to UPI allows you to spend smaller amounts through your credit card. RBI allowed RuPay credit cards to be linked to UPI in June 2022, resulting in significant growth in the number of credit cards issued. HDFC MoneyBack Plus Credit Card, ICICI Coral credit card, SBI SimplySAVE credit are some popular credit cards that can be linked to UPI.
View Source
20 UPI Rupay credit cards to earn cashback, rewards, airport lounge access from everyday payments - The Economic Times
Economic Times
·
27d ago
Medial
Several banks offer UPI RuPay credit cards that combine the convenience of UPI payments with credit card rewards. These cards provide benefits like cashback, reward points, and airport lounge access. Users can link these cards to UPI apps easily. The article details various options, such as Axis Fibe and IndusInd Platinum, highlighting different reward structures and fees. UPI RuPay credit cards enhance everyday transactions by earning users rewards for using UPI payments.
View Source
UPI integration gives a fillip to RuPay credit cards distribution
Economic Times
·
1y ago
Medial
Around 30% of new credit cards in India are now issued on the RuPay network, following the linking of Unified Payments Interface (UPI) with RuPay credit cards. Prior to this integration, RuPay cards accounted for only 5% of new credit card issuances. Large banks are actively issuing RuPay credit cards to meet customer demand, including co-branded cards running on the RuPay platform. However, transaction growth has not kept pace with card issuance. Some banks are concerned about losing credit card customers to popular UPI payment applications, which may cross-sell additional financial products to customers.
View Source
Digital payments power high-value spends across sectors: Report
Economic Times
·
3m ago
Medial
India's digital payments ecosystem is evolving, expanding beyond routine transactions to include high-value sectors like education, healthcare, and auto services. While UPI leads in small transactions, EMIs and credit cards are gaining traction for larger expenses. EMIs now account for 10% of education payments and 15% in healthcare. In auto services, EMIs are used alongside credit cards. The report indicates the critical role of flexible digital payment solutions in future competitiveness and financial inclusivity.
View Source
Rupay credit card payments through UPI hits the MDR speedbreaker
Money Control
·
1y ago
Medial
Rupay credit card transactions on UPI have increased from Rs 50-60 crore daily in May to Rs 100 crore daily in October, with Rupay's share of new credit card issuances growing to 25%. However, around 15-20% of merchants have requested their banks to disable Rupay credit card payments on UPI due to the higher merchant discount rate (MDR). The fear of lower or zero MDR for Rupay credit cards on UPI has led to a scramble among banks to distribute more Rupay credit cards to safeguard their interchange fees.
View Source
One-third of digital payment transactions credit-driven in 2024: Report
YourStory
·
3m ago
Medial
In 2024, nearly one-third of domestic digital payment transactions were credit-driven through credit cards or EMIs, while UPI accounted for 65% of total transactions, primarily for smaller transactions. Credit usage saw growth in sectors like education, healthcare, and auto ancillary, driven by high-spend periods and seasonal trends. The report highlights a shift towards financing spending through EMIs and structured credit, reflecting an inclination towards manageable, phased payments over outright affordability.
View Source
UPI Lite and wallet-based pay off to a slow start on zero-MDR bottleneck
Economic Times
·
2m ago
Medial
The National Payments Corporation of India's (NPCI) initiatives like UPI Lite, wallet-based payments, and UPI through RuPay credit cards aim to ease the banking system's load for small transactions. Yet, only recurring payments and credit cards via UPI have gained traction, while others struggle due to limited awareness and adoption. Barriers include the zero merchant discount rate, unresolved interchange rates for wallet-based UPI, and the high costs for banks to implement these new features without assured return on investment.
View Source
UPI-enabled credit cards see 20% monthly transaction growth, RuPay market share up to 12%: Report
Economic Times
·
6m ago
Medial
RuPay's UPI-enabled credit cards are experiencing a 20% monthly transaction growth, with users making 40 transactions monthly, significantly higher than traditional credit cards. These cards, featuring smaller average transaction sizes, are favored for everyday purchases, especially at local stores. RuPay's market share rose to 12% in 2024, due to UPI integration. The youth demographic drives adoption, supported by incentives and partnership with banks, enhancing financial inclusion and empowering users with responsible financial tools.
View Source
UPI, credit cards grab top spots for insurance premium payments: Policybazaar data
Economic Times
·
2m ago
Medial
Unified Payments Interface (UPI) and credit cards are the leading payment modes for insurance premiums, per Policybazaar. Health, term, and motor insurance products have high UPI adoption, with over 50% of motor insurance payments using UPI. Credit cards dominate term and savings insurance payments, indicating a preference for rewards and flexibility. Debit card use has declined by 17% year-on-year, while net banking continues to grow, showing evolving consumer payment preferences.
View Source
Trackers
Active Indian VC’s
OG Capital
Email
With a hands-on approach, OG Capital aims to invest in over 20 promising...
Accel Partners
Email
Early and growth-stage investments in disruptive technology companies with...
Blume
Email
Early-stage venture capital firm investing in technology startups in India. Focus on...
Access All Trackers
Startup Showcase Winners
June 2025
Buddy
Helping your parents when you are miles away
BiteStop
The Pit Stop Your Cravings Deserve
Bloomer
The next generation E-commerce platform
Enter Ongoing Startup Showcase
Top Users
Trending News on Medial
Download the medial app to read full posts, comements and news.
Go to Medial App
Not Now
Know everything that’s happening in the startup ecosystem, first.
Enable Notifications?
No, thanks
Count me in