The digital payments ecosystem is entering a pivotal phase of transformation, marked by exponential growth, strategic innovation, and deepening financial inclusion.

According to a report by PwC, digital payments in India are projected to grow from 206 billion transactions in FY25 to 617 billion in FY30, with the total transaction value expected to rise from Rs 299 trillion to Rs 907 trillion, almost three times in five years.

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“Credit cards are witnessing robust growth, with volumes and values projected to grow at 21.7% and 20.8% compound annual growth rate (CAGR),” said the report.

The integration of RuPay credit cards with UPI, the potential expansion of credit card offerings by non-banking financial companies (NBFCs), and the increasing adoption of co-branded and virtua

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