Today, India is a leading country in the world regarding technology, and India is constantly seen giving entire competition to China. China’s technology is considered the best in the world, while America is also in terms of technology. I am moving ahead, but India is still waiting to stay behind from the admin. India is constantly seen strengthening its Fairfield, whether in the world of technology or finance; in any way, it is on its own. It does not consider India weak, and the people here are constantly trying to bring up the name of India in one way or another.
In India, the number of people using credit cards is increasing very much, and the consumers of credit cards here are continuously growing; if we talk about the figures for 2020, about seven and a half crore credit cards. Cards were present inside India, but by the end of 2022, the figures had crossed nine crores, and now the number of credit card users inside India has gone above nine crores by the end of this year; the number of credit card users is expected to cross the 100 million mark.
There are many benefits of credit cards.
The number of consumers of credit cards is increasing in India; the main reason for this is that the facilities available to the people of India with credit cards have started growing very much; the cashback that consumers get by using credit cards is also very high. It has started getting a lot of quantity; At the same time, there is a debit card, and the number of its results has increased inside India, but those who are not seen using it and those users are constantly seen using credit cards. The way the app credit card is being used in the market, it is becoming much more than the debit card and the banks there are constantly applying new conditions for their credit cards.
The number of credit card users has reached above one crore within the last few days, and it is continuously increasing so fast that every month, its number is going to lakhs. Which bank has the maximum number of credit cards? It has issued the name Axis Bank on it; the name of Axis Bank comes at the top because there is a facility for Axis Bank’s credit card, it is getting a lot inside it; by shopping inside the credit card, consumers get a lot of cashback, which Because of which people think of using it more.