Credit Cards Lose Share in India’s Rapidly Growing Digital Payments Pie: Jefferies - The Tribune

Credit Cards Lose Share in India’s Rapidly Growing Digital Payments Pie: Jefferies

Get latest articles and stories on Business at LatestLY. Credit cards are losing ground in India’s rapidly expanding digital payments ecosystem, with their share of retail digital spending declining further in August, even as overall digital transactions continued to grow, according to a Jefferies report. Business News | Credit Cards Lose Share in India’s Rapidly Growing Digital Payments Pie: Jefferies.

Credit cards lose share in India’s rapidly growing digital payments pie: Jefferies - The Tribune

Credit cards are losing ground in India’s rapidly expanding digital payments ecosystem, with their share of retail digital spending declining further in August, even as overall digital transactions continued to grow, according to a Jefferies report.

Credit Card Growth Cools as UPI and Rising Competition Reshape India’s Payments Market

New Delhi, Sep 25: India’s credit card market is entering a more competitive phase as spending growth moderated in August, while UPI continued to strengthen its position as the preferred payment option for everyday merchant [...]

Credit Card Growth Cools as UPI and Rising Competition Reshape India’s Payments Market - Business News Week

New Delhi, Sep 25: India’s credit card market is entering a more competitive phase as spending growth moderated in August, while UPI continued to strengthen its position as the preferred payment option for everyday merchant transactions. Credit card additions remained relatively steady during the month, growing 10.3 per cent year-on-year, slightly ahead of the 10.1 […] The post Credit Card Growth Cools as UPI and Rising Competition Reshape India…

Credit card spending growth nearly flat in Aug amid rising competition

New Delhi, Sep 25 (SocialNews.XYZ) India's credit card industry's spending growth eased in the month of August, even as card additions remained relatively steady rising 10.3 per cent year‑on‑year, up slightly from 10.1 per cent... - Social News XYZ

Credit Card Spending Stays Muted In August; HSBC, Jefferies Flag Rising Competition

Smaller issuers such as Bank of Baroda, Federal Bank, IDFC First Bank and AU Small Finance Bank continued to gain market share, while larger issuers lost ground.