May 25, 2022
Credit Cards | RBI Update
Reserve Bank of India (RBI) report said that, Indians spend 76% more on their Credit Cards online than they do in physical shops. The data released in March states that 7.3 crore Credit Card holders spent Rs 68,327 crore online, compared to Rs 38,773 crore spent in stores using card swipe machines. This indicating an increased preference among people for e-commerce purchases. Here, ICICI is the market leader with highest number of Credit Card issuer.