A total of 36.2 million people held active credit cards in India as of January 2018. Furthermore, a total of 129.8 million transactions were carried out for the 12 months ending January 2018. The ease of access to credit cards has increased over the years, especially post demonetisation. Quick approval, reward points, airport lounge access
According to the Boston Consulting Group, the Indian online lending market will become $1 trillion in the next 5 years. Simpler loan application procedures, exceptional customer support, and customised products has helped the finance market in this country to become a massive sector today. NBFCs and fintech companies are at the helm of this sector
With the passage of time, everything is changing. More and more people are coming towards credit card option. According to one private research conducted in UK, The majority of youth has more than two different credit cards but only half of them have job. Is it really changing lives? The biggest beneficiary is bank. The