Around 16% of all credit card spending in India is now happening through the RuPay network, with nearly half of that coming through UPI-based credit payments, according to Dilip Asbe, CEO of the National Payments Corporation of India (NPCI). He shared this update during Mumbai Tech Week 2025.
RuPay is India’s homegrown card payment network, operated by NPCI. Asbe noted that over 30 banks are now issuing RuPay credit cards, showing increasing adoption. What’s notable is that nearly 50% of RuPay credit card transactions are happening through UPI — India’s popular real-time payment platform, also developed by NPCI.
According to the Finance Ministry, between April and October in the financial year 2024–25, over 750 million transactions amounting to ₹63,825 crore were made using RuPay credit cards via UPI.
NPCI continues to build its digital payment infrastructure and is now turning towards AI and international expansion through its subsidiary NPCI International Payments Ltd. (NIPL). NIPL is tasked with taking NPCI’s payment technologies global and is working to make UPI live in countries that are popular with Indian travelers, such as Qatar, Thailand, and parts of Southeast Asia.
Currently, UPI is accepted in seven countries — Bhutan, Mauritius, Nepal, Singapore, Sri Lanka, and France — with 20 apps, including BHIM, PhonePe, Paytm, and Google Pay, enabling cross-border transactions.
With RuPay and UPI growing rapidly both in India and abroad, NPCI is clearly making strong strides in shaping the future of digital payments.
