India's credit card market has grown significantly over the past decade. However, credit card penetration remains low compared to global benchmarks. Younger consumers and semi-urban areas now show increased credit card ownership. Credit cards now face competition from digital payment methods like UPI. Portfolio quality has improved after pandemic-related challenges.
India's credit card market has grown significantly over the past decade. However, credit card penetration remains low compared to global benchmarks. Younger consumers and semi-urban areas now show increased credit card ownership. Credit cards now face competition from digital payment methods like UPI. Portfolio quality has improved after pandemic-related challenges.
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India's credit card market has grown significantly over the past decade. However, credit card penetration remains low compared to global benchmarks. Younger consumers and semi-urban areas now show increased credit card ownership. Credit cards now face competition from digital payment methods like UPI. Portfolio quality has improved after pandemic-related challenges.
