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Credit card fees is one of the main reasons why Brazil's Pix and India's UPI are destroying their market share in those countries. For merchants, it just doesn
by diego_moita 1mo ago
Credit card fees is one of the main reasons why Brazil's Pix and India's UPI are destroying their market share in those countries.
For merchants, it just doesn't make sense to pay high fees to cater to a dwindling minority of consumers.
- drewfax 1mo agoCredit card usage has been increasing in India. Source: https://bfsi.economictimes.indiatimes.com/articles/credit-card-usage-in-india-surges-26-in-may-2026-amid-declining-debit-card-trends/132016587 https://bfsi.economictimes.indiatimes.com/articles/credit-ca... Besides, NPCI has introduced merchant transaction fee for UPI now causing decline in UPI transactions.