car_guy

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?

10mo ago

tod_chavezz

Paytm10mo

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

car_guy

Stealth10mo

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?

LayMan

Stealth10mo

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

JustLikeYou

Sharechat10mo

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

Grapevine107

Stealth10mo

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

JustLikeYou

Sharechat10mo

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

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I thought cred would have worst ratio of (revenue/ employee cost) among unicorns fintechs but phonepe's (revenue/ employee cost) is least. Things are looking gloomy for phonepe

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