PeppyKoala

Credit card spends market share by bank. Why is there no Federal Bank here?

HDFC, SBI, ICICI clearly the strongest. Startup credit companies usually work with Federal Bank, but they seem to be missing from this list, that's a bit weird?

Can somebody from the fintech domain help me understand?

8mo ago

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CosmicQuokka

Paralleldots8mo

icici in top 3 is surprising, considering they've inferior offerings even if compared to axis/indusind

DancingDonut

Stealth8mo

I like emerald. It's also good looking

GroovyDonut

Standard Chartered8mo

Amazon 🥱🥱🥱

DancingDonut

Stealth8mo

Federal is in others. As per article below, they have 350k issuances, which puts it at 0.35% (100m CCs issued). So, yeah they couldn't make it to the top 17.

https://www.financialexpress.com/business/banking-finance-federal-bank-steps-up-efforts-to-grow-credit-card-biz-2951505/lite/#amp_tf=From%20%251%24s&aoh=17122989909408&referrer=https%3A%2F%2Fwww.google.com

DancingDonut

Stealth8mo

Anyways this is a spends market share, so that share could be even lower since they stopped (paused?) working with Fintechs like Scapia and Onecard

PeppyCoconut

PayTM8mo

@DaringTrain Very interesting.

QuirkyDumpling

MSCI8mo

What is that you are not able to understand bro, its very simple, start up companies have negligible market share, their cards are often useless and unsecured, backed by FD or some arrangement like that, have low credit limit, co-branded with these top tier banks, etc. While other banks like Federal bank etc are way behind in terms of their product features and tech wise. All the top companies have hero cards that you would have heard somewhere or sold by lots of fun-influencers, so this results is not at all surprising. Rather i would say that i am an avid cc user, i have about 7-10 active cards from various banks, i select these cards very carefully and also close and get new ones when necessary, from my cc portfolio, i agree why these should be on top.

DizzyLlama

Freelancer8mo

Well I don't. Icici doesn't deserve to be on top, though I can imagine the reasons it is on top

QuirkyDumpling

MSCI8mo

If you judge market charts and stats from who deserves and who doesn't, everyone will have different answers, so as someone said, market is the god and what you see is the results. Icici amazon pay card would have more business in a year than most of the start ups and federal bank, etc.

SparklyCoconut

Amazon8mo

I would have expected SBI to grow much faster after the launch of CASHBACK card. Its the best card for online payments.

SqueakyQuokka

Stealth8mo

SBI is quite stingy with giving cashback card and even with limits on it. My other cards have limit of 5-10L while SBI cashback has limit of 50k

CosmicSushi

Bosch8mo

Amazon is the sole reason why ICICI is in top

DizzyLlama

Freelancer8mo

This isn't number of cards in circulation, it's the spends on the cards dude

Discover more

Curated from across

Personal Finance10mo

by SillyDonutTCS

HDFC 1st to reach 2cr Credit Cards.

Fastmover advantage was with SBI and ICICI.

29% market share of spend 21% CC volume share.

Do u have 1 HDFC card in wallet?

I don't have one, but own 7 CCs.

timesofindia.indiatimes.com

HDFC becomes 1st bank to hit 2 crore credit cards milestone | India Business News - Times of India

India Business News: MUMBAI: HDFC has become the first bank to achieve a milestone of two crore c...

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by QuirkyBurritoStealth

Dead 11

Do you guys agree with the list? Anymore candidates

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