BQ Prime’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
The regulator (Reserve Bank of India) has proposed to allow linking of credit cards to Unified Payment Interface. This facility will start only with RuPay credit card limiting the scope as of now.
However, this is a landmark feat considering it can open up a big payment universe.
UPI had a monthly payment of Rs 9.6/9.8 trillion in March/April 2022 compared to ~Rs 1 trillion of credit cards in March/April 2022.
The possible monetisation opportunity will depend on the fine print of the execution. There is also the question of potentially different target universe for UPI and credit card payments. Additionally, there are important changes within the credit card universe with one of the key new age credit card players scaling down instalment payment features.
Click on the attachment to read the full report:
This report is authored by an external party. BQ Prime does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BQ Prime.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.