PrancingPenguin
PrancingPenguin

PhonePe coming with credit card score, payments, what is then Cred for?

https://www.phonepe.com/press/phonepe-announces-launch-of-credit-section-on-the-app/

This could be definitively be a death nail for Cred credit card payments. PhonePe would definitively scoop up a large number of users who use Cred only for credit card payments. Thoughts?

11mo ago
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MagicalMarshmallow
MagicalMarshmallow
PayTM11mo

Paytm also had credit card payments but how much of CRED's market did it eat?

PrancingPenguin
PrancingPenguin
Jio11mo

PhonePe has the largest user set with their data synced already. Ultimately, it comes down to how efficiently they can increase adoption (which I strongly believe they will). PayTM would have also picked up a small chunk of their users most def Why would anyone just go to a fancy app just to make credit card payments for a 3 rs cashback?

SparklyPickle
SparklyPickle

Absolutely. Paytm is too cluttered and spammy. I'd happily get rid of cred, if phonepe can integrate this well in a clean manner

BouncyDonut
BouncyDonut

What cred does that freecharge don't ?

Kunal Shah sold freecharge to start cred now he got everything to cred that was there in freecharge

PerkyBanana
PerkyBanana

There is still a meaningful base which uses Cred for credit card bill payments. Phonepe has had CC payments for a while and haven’t managed to get users to switch. I don’t checking of score would do it for them

BouncyDonut
BouncyDonut

Cred has the Fancy UX for sure..isn't it?

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