credit card

UPI transactions: Small merchants join UPI, size of payments falls

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Mumbai: Expenditure patterns and payment modes of Indian consumers showed a divergent trend with average spending on the UPI platform falling due to increased adoption by smaller merchants, while average credit card expenses climbed as the instrument is used for higher value transactions. Average ticket size of UPI transactions fell 8% to ₹1,515, while average … Read more

ET Analysis: Bulk of credit card loans are subprime

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The credit card segment has emerged as the fastest growing among all retail loans, which could be a cause of worry for the regulator as much of this unsecured credit is going into the below-prime category.In November, the outstanding credit card balance of banks rose 34% from a year earlier, even after the Reserve Bank … Read more