With a smaller share of customers carrying balances month to month, interest-bearing receivables are growing more slowly than transaction volumes, pushing issuers to convert purchases into EMIs, deepen personal loan-on-card offerings and extract more fee income from a business that is increasingly being used as a payment product rather than a borrowing product.
With a smaller share of customers carrying balances month to month, interest-bearing receivables are growing more slowly than transaction volumes, pushing issuers to convert purchases into EMIs, deepen personal loan-on-card offerings and extract more fee income from a business that is increasingly being used as a payment product rather than a borrowing product.
<iframe src="https://hindustansphere.com/embed/cluster/6688c3e96e1ae32ffc4a343a87c805b867a20055" width="100%" height="320" style="border:0;max-width:680px" loading="lazy" title="Credit card issuers push EMI loans to counter revolver model misfire"></iframe>
