September 4, 2024 12:40 PM

Credit card market in India to double by 2028-29: Pwc

The number of credit cards in India is expected to reach 200 million with a Compound Annual Growth Rate (CAGR)  of 15 per cent, highlighted a report by PwC. The report stated that the credit card industry has experienced significant expansion, doubling the number of credit cards issued over the past five years. This momentum is expected to continue, with the market likely to replicate this growth in the coming years, the report noted. Alongside the increase in credit card issuance, the report...