In today's ever-evolving financial landscape, optimizing credit card management processes is imperative for sustained growth and regulatory compliance.
After reading Amit’s blogpost that projects a whopping doubling of the credit card customer base within the next 4 years, I could not help but wonder which is the major segment of India’s population that could qualify as “The Aspirational Indians”.
In the fast-changing world of digital payments, a novel payment method - Credit Card on UPI (Unified Payments Interface) is making waves in India. This dynamic duo combines the flexibility of credit cards with the seamless efficiency of UPI.
Over the past few years, India's credit card sector has experienced remarkable growth, boasting nearly 98 million active cards and transaction volume reaching 323 Million in December 2023.
Today, banks issue various prepaid instruments like prepaid cards, digital wallets, gift cards, fastags, etc. that are mandated to comply with certain regulations, as prescribed by the regulator in its master directions.
Explore how DigiLocker streamlines KYC and how CARD91 empowers financial institutions with faster, digital onboarding for card-based payment solutions.
