India’s digital payment landscape is experiencing a significant shift, with UPI-based transactions soaring while debit card usage declines. Credit card transactions, however, are on the rise, driven by a combination of factors including festival season promotions and a lower base compared to the previous year. This trend reflects a rapid transition towards a cashless society in India, where digital payments are becoming increasingly prevalent.
EaseMyTrip, a leading online travel platform, has introduced a co-branded travel debit card in partnership with Bank of Baroda. This innovative card is designed to simplify travel planning and offer exclusive discounts and enhanced security for travelers.
Hilton has partnered with Currensea to launch the Hilton Honors Debit Card and Hilton Honors Plus Debit Card in the UK, offering travellers a unique opportunity to earn Hilton Honors points on everyday spending, unlock elite status, and save on foreign exchange fees. The cards provide instant Silver or Gold status, complimentary perks like continental breakfast and free WiFi, and boosted welcome bonuses for spending abroad.
Mercuryo has introduced a new debit card called Spend that allows cryptocurrency holders to use their digital assets for everyday purchases. The card, issued by Quicko and operating on the Mastercard network, offers seamless integration with Apple Pay and Google Pay, providing wide acceptance across millions of merchants globally. While offering convenience, the card’s fiat conversion still exposes users to cryptocurrency market volatility.
