the highest merchant penetration in the ecosystem. Overall widespread acceptance of UPI has ensured that customers have ample opportunities to utilize their RuPay credit cards for transactions. Sonika Chandra, Vice President of Consumer Platform and Payments at PhonePe stated that they are thrilled to partner with the National Payments Corporation of India (NPCI) and become the first payments app to link two lakh RuPay credit cards to UPI. They believe that RuPay cards on UPI will revolutionize the access and use of credit in the ecosystem, and they are committed to offering comprehensive solutions that cater to the evolving needs of their customers and merchants. Similar to any other credit instrument, MDR is applicable for RuPay on UPI and their merchant partners are enthusiastically adopting and driving the use of RuPay among customers.