Q2 2022 Report on Credit Cards in India “Credit Cards are the best form of financial instruments ever introduced on the planet” - says every finance guru. Challenging the traditional skepticism, India is accessing credit cards faster than ever! According to a PwC Report, nearly 62 million credit cards were in use in India in 2021, and the cumulative number of cards increased consistently in recent years and recovered from falling numbers in May 2020, amidst the COVID-19 pandemic. Now, in June 2022, 78.72 Million credit cards are in India with a 25.32% YoY growth (one of the highest in recent times). The credit card spends in June'22 alone accounts for Rs. 1.09 Lakh Crores. (crossing Rs.1 lakh crore for the fourth consecutive month) That’s why we say ‘CCaaS’ (Credit Cards as a Service) is only getting started in India. At Hyperface, we help you roll out your perfect credit card program. Our pre-integrated Credit-Cards-as-Service platform allows brands and fintechs to launch co-branded card programs rapidly. Check out the below brief report by Hyperface which provides the key highlights on the credit card statistics in India. #creditcards #report #growth #statistics #fintech #cobrandedcreditcards #CCaaS #Hyperface
Hyperface’s Post
More Relevant Posts
-
Hyperface team is glad to announce that we have raised $9 million in fresh capital to fuel our next leg of growth. We receive this vote of confidence from our investors with a lot of gratitude, given the turbulent times that we live in. As the saying goes, it is during times of difficulty that great things are created. Our team is fully committed to building an innovative credit cards platform that would define the future of digital first credit cards in India. We firmly believe that credit must be inclusive and that everyone deserves a great product experience. But this dream requires solving many problems on several fronts that need to be creatively solved using design, product and technology. We will march towards this outcome with a lot more confidence now. We would like to take a moment to welcome our new investors 3one4 Capital, Flipkart, Groww, India and White Venture Capital while thanking the existing investors Better, Global Founders Capital and Amara.vc who doubled down on their commitments. We are also excited to welcome a whole new set of angel investors who have believed in our vision. https://lnkd.in/gid-xA93 #fintech #creditcards #embeddedfinance
To view or add a comment, sign in
-
No Monday blues here! At Hyperface, we're kicking off the week with some deep work into building some great new product features. What's your plan to incorporate deep work into your Monday routine? Do share your strategies in the comments! #MondayMotivation #Fintech #Hyperface
To view or add a comment, sign in
-
𝐖𝐞𝐥𝐜𝐨𝐦𝐞 𝐛𝐚𝐜𝐤 𝐭𝐨 𝐭𝐡𝐞 𝐟𝐨𝐮𝐫𝐭𝐡 𝐞𝐩𝐢𝐬𝐨𝐝𝐞 𝐨𝐟 ‘𝐇𝐲𝐩𝐞𝐫𝐟𝐚𝐜𝐞 𝐂𝐚𝐫𝐝 𝐂𝐡𝐫𝐨𝐧𝐢𝐜𝐥𝐞𝐬’! Here is your weekly dose of bite-sized insights into everything cards! #CreditCards #Fintech #CardChronicles #Hyperface
To view or add a comment, sign in
-
Our Co-founder & CEO, Ramanathan RV, shares his thoughts on "𝐏𝐞𝐫𝐬𝐨𝐧𝐚𝐥𝐢𝐳𝐚𝐭𝐢𝐨𝐧 𝐚𝐭 𝐒𝐜𝐚𝐥𝐞: 𝐃𝐫𝐢𝐯𝐢𝐧𝐠 𝐂𝐗, 𝐋𝐨𝐲𝐚𝐥𝐭𝐲, 𝐚𝐧𝐝 𝐑𝐞𝐯𝐞𝐧𝐮𝐞 𝐰𝐢𝐭𝐡 𝐃𝐞𝐞𝐩 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬" at the Roundtable discussion hosted by Internet and Mobile Association of India & Salesforce. Thank you IAMAI for the opportunity to contribute to such an important conversation. #IAMAI #Salesforce #CustomerExperience #Personalization #Hyperface
To view or add a comment, sign in
-
Looking back at the amazing experience at Money20/20 Asia. Hyperface was among the hand-picked startups selected for the StartUps' Hangout. Our Chief Business Officer, Prithwish Ray took to the stage on how Hyperface solutions can completely revolutionise credit card program management and significantly enhance key business metrics. Throughout the event, our team thoroughly enjoyed engaging with industry leaders. We eagerly anticipate fostering more meaningful interactions in the Southeast Asian market. Prithwish Ray | Shubham Jain #Money2020 #Fintech #Innovation #CreditCards #Hyperface
To view or add a comment, sign in
-
𝐇𝐲𝐩𝐞𝐫𝐟𝐚𝐜𝐞 𝐂𝐚𝐫𝐝 𝐂𝐡𝐫𝐨𝐧𝐢𝐜𝐥𝐞𝐬 : 𝐄𝐩𝐢𝐬𝐨𝐝𝐞 𝐓𝐡𝐫𝐞𝐞 We are back with our weekly episode of ‘Hyperface Card Chronicles’ - bite-sized insights into everything cards! #CreditCards #Fintech #CardChronicles #Hyperface
To view or add a comment, sign in
-
🎤 Fresh off the stage at Money20/20 Asia! Our Chief Business Officer, Prithwish Ray shares how Hyperface solutions can completely revolutionise credit card program management and supercharge key business metrics. Here's a sneak peek into his presentation! #Money2020 #Fintech #CreditCards #Innovation #Hyperface
To view or add a comment, sign in
-
Team Hyperface is gearing up for Money20/20 Asia that starts tomorrow. We will be at Booth SH06, Startups Hangout on 24th and 25th April and will be showcasing how Hyperface empowers banks, fintechs,and consumer brands with innovative credit card programs to enhance customer loyalty and business revenue. To learn more about our innovative solutions that are reshaping the industry, reach out to our Chief Business Officer, Prithwish Ray, or Director-Partnerships, Shubham Jain to schedule a meeting. #Money2020 #CreditCards #Fintech #Innovation #Hyperface
To view or add a comment, sign in
-
Join us at Money20/20 Asia as our Chief Business Officer, Prithwish Ray takes to the 𝐂𝐨𝐥𝐥𝐢𝐬𝐢𝐨𝐧 𝐒𝐭𝐚𝐠𝐞 at 𝟏𝟏 𝐚.𝐦 (𝐈𝐂𝐓) on 𝟐𝟒𝐭𝐡 𝐀𝐩𝐫𝐢𝐥 for a dynamic look into the "𝐅𝐮𝐭𝐮𝐫𝐞 𝐨𝐟 𝐂𝐫𝐞𝐝𝐢𝐭 𝐂𝐚𝐫𝐝𝐬: 𝐒𝐰𝐢𝐟𝐭𝐞𝐫, 𝐒𝐦𝐚𝐫𝐭𝐞𝐫, 𝐚𝐧𝐝 𝐒𝐦𝐨𝐨𝐭𝐡𝐞𝐫." In this fast-paced presentation, we focus on the key challenges facing banks and brands in launching and managing credit card programs. Discover how Hyperface solutions can help launch and manage the credit card program ; making it simpler and faster to onboard new customers and revolutionise the card lifecycle and portfolio management strategy. Our innovative single-window , no-code backend and cutting-edge frontend drives cost efficiencies and significant revenue improvements, while ensuring superior customer experience for the end user. Drop us a message to connect at Money 20/20 Asia to discover how we can supercharge your business. #Money2020 #CreditCards #Fintech #Innovation #Hyperface
To view or add a comment, sign in
-
𝐖𝐞𝐥𝐜𝐨𝐦𝐞 𝐛𝐚𝐜𝐤 𝐭𝐨 𝐭𝐡𝐞 𝐬𝐞𝐜𝐨𝐧𝐝 𝐞𝐩𝐢𝐬𝐨𝐝𝐞 𝐨𝐟 '𝐇𝐲𝐩𝐞𝐫𝐟𝐚𝐜𝐞 𝐂𝐚𝐫𝐝 𝐂𝐡𝐫𝐨𝐧𝐢𝐜𝐥𝐞𝐬’ Missed Episode 1? A quick context - "Card Chronicles" aims to unveil fun facts, interesting insights, tips, and trends behind one of the most ubiquitous financial tools of our time through bite-sized episodes. Last week, we went back in time to uncover the very beginnings of credit and you can read that post here. https://lnkd.in/gP3in3PP Today, it's all about modern credit cards as we know it. ▶ Did you know that Diner’s Club was the first modern credit card? ▶ Did you know that it was made out of cardboard? ▶ Did you know it all started with a forgotten wallet? Read on and follow our page for everything on credit cards! #CreditCards #Fintech #Innovation #CardChronicles #Hyperface
To view or add a comment, sign in
7,382 followers