India Credit Card Market Ecosystem – Ken Research REQUEST FOR SAMPLE REPORT Request For sample Report × Report Title Name Email Designation Phone No Comapny Name Comapny URL Country -- Please Select Your Country -- Afganistan Africa Albania Algeria Andorra Angola Anguilla Antigua and Barbuda Argentina Armenia Aruba Asia Australasia Australia Austria Azerbaijan Bahamas Bahrain Bangladesh Barbados Belarus Belgium Belize Benin Bermuda Bhutan Bolivia Bonaire Bosnia Herzegovina Botswana Brazil BRICS British Virgin Islands Brunei Darussalam Bulgaria Burkina Faso Cambodia Cameroon Canada Cape Verde Cayman Islands Central African Republic Central and South America Chad Chile China Colombia Comoros Congo Costa Rica Cote d'Ivoire Croatia Cuba Curacao Cyprus Czech Republic Denmark Djibouti Dominica Dominican Republic Ecuador Egypt El Salvador Equatorial Guinea Eritrea Estonia Ethiopia Europe European Union Falkland Islands Faroe Islands Fiji Finland France French Guiana French Polynesia Gabon Gambia Georgia Germany Ghana Gibraltar Global Great Britain Greece Greenland Grenada Guadeloupe Guam Guatemala Guerney & Alderney Guinea Guinea-Bissau Guyana Haiti Honduras Hong Kong Hungary Iceland India Indonesia Iran Iraq Ireland Isle of Man Israel Italy Ivory Coast Jamaica Japan Jersey Jordan Kazakhstan Kenya Kiribati Kosovo Kuwait Kyrgyzstan Laos Latvia Lebanon Lesotho Liberia Libyan Arab Jamahiriya Liechtenstein Lithuania Luxembourg Macao Macau Macedonia Madagascar Malawi Malaysia Maldives Mali Malta Man (Island of) Marshall Islands Martinique Mauritania Mauritius Mayotte Mexico Micronesia Middle East Minnesota Moldova Monaco Mongolia Monserrat Montenegro Morocco Morroco Mozambique Myanmar Namibia Nepal Netherlands New Caledonia New Zealand Nicaragua Niger Nigeria Niue North America North Korea Norway Oman Pakistan Palau Palestine Panama Papua New Guinea Paraguay Peru Philippines Poland Portugal Puerto Rico Qatar Reunion Romania Russia Rwanda Saint Helena Saint Lucia Saint Martin Saint Pierre and Miquelon Saint Vincent and the Grenadines Samoa Samoa (American) San Marino Sao Tome and Principe Saudi Arabia Scandinavia Senegal Serbia Seychelles Sierra Leone Singapore Sint Maarten Slovakia Slovenia Solomon (Islands) Somalia South Africa South Korea South Sudan Spain Sri Lanka Sudan Suriname Svalbard and Jan Mayen Islands Swaziland Sweden Switzerland Syria Taiwan Tajikistan Tanzania Thailand Timor Leste Togo Tonga Trinidad and Tobago Tunisia Turkey Turkmenistan Turks and Caicos Islands Uganda Ukraine United Arab Emirates United Kingdom United States Uruguay Uzbekistan Vanuatu Vatican City Venezuela Vietnam Virgin Islands Western Sahara Yemen Zambia Zimbabwe Requirement Submit Credit Cards in India are in vogue with the #creditcard spend in India having hit an all-time high level & is now above Rs One Lakh Crore; while bounce rates have fallen to a three-year low. These data points are clear indicative of the fact that the India Credit Card industry is on a steady growth path. Rather, over the last 5 years, the credit card issuance has been growing significantly at a 20% CAGR, while the credit card holders has also been witnessing an increase year-on-year & reached 7.3 Crores in 2022. Further, there are several underlying #trends that are providing and will keep the growth buoyant which includes of #cashlesspayment & adoption of usage of credit cards at transit systems, changing consumer preference during #covid times, increased disposable income coupled with improved (financial) infrastructure. Besides, the proposed 2% Merchant Discount Rate (MDR) on credit card transactions on the RuPay-Unified Payments Interface (UPI), if implemented, may boost credit card spends and the average customer balance. With these trends, coupled with many more evolving models and structural changes in pipeline, an interesting & lucrative time lies ahead for the credit industry of India. What is your take? Do you feel that the Indian credit card industry will be on the upward trajectory in the coming months too? Share your opinion by commenting below. Interested in knowing all about the Indian Credit Card Market of India, then read Ken Research’s latest report on “Indian Credit Card Industry Outlook to 2027.” For more information on the research report, contact us: support@kenresearch.com +91-9015378249 Tags: axisbank, bnpl, buynowpaylater, citibank, creditcardpayment, creditcardprocessing, emi, growth, growthrate, idfcfirstbank, kenresearch, kotakmahindrabank, loans, payments, paymentsolutions, sbi, slice paytm payu upi visa tatacapital citi cashlesspayments