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Co-Branded Credit Cards Set to Dominate Market with 35-40% CAGR, Outpacing Traditional Cards by 2X by FY28 : Redseer-Hyperface Report Co-branded credit cards (CBCCs) are rapidly outpacing traditional credit cards, driven by India’s booming economy and shifting consumer preferences. According to a new report titled “The Rise of Co-Branded Credit Cards: Redefining Customer Loyalty” by Redseer Strategy Consultants, in collaboration with Hyperface, Asia’s First Credit Cards as a Service (CCaaS) platform, CBCCs are not just a trend—they are reshaping the future of consumer finance with an ...
Co-Branded Credit Cards Set to Dominate Market with 35-40% CAGR, Outpacing Traditional Cards by 2X by FY28 : Redseer-Hyperface Report
Co-Branded Credit Cards Set to Dominate Market with 35-40% CAGR, Outpacing Traditional Cards by 2X by FY28 : Redseer-Hyperface Report
Source: PR Agency
2024-08-27 04:47:27 pm
Credit card spendings via UPI platform touch new high The Unified Payments Interface (UPI) platform, a flagship of the Indian Digital Public Infrastructure (DPI) which has gone global, has added another feather to its cap.  According to Dilip Asbe, Managing Director and CEO of the National Payments Corporation of India (NPCI), credit card spendings via UPI has touched Rs 10,000 crore a month. The NPCI CEO also informed that credit lines on UPI account has reached about Rs 100-Rs 200 crore, as the remainder comes from the RuPay credit ...
Credit card spendings via UPI platform touch new high
Credit card spendings via UPI platform touch new high
Source: IANS
2024-08-07 11:06:32 am
HSBC India renames its Cashback Credit Card to HSBC Live + Credit Card with access to over 200 restaurants and culinary offers across Asia HSBC India today launched an upgraded lifestyle credit card HSBC Live+ Credit card with a full suite of new culinary offers to enhance the lifestyle experience of globally minded customers. The HSBC Cashback credit card is now HSBC Live+ credit card.    HSBC Live+ Credit Card provides rewards tailored to lifestyle spending and reflects HSBC’s focus on providing innovative solutions that help customers earn more rewards while enjoying quality experiences.  ...
HSBC India renames its Cashback Credit Card to HSBC Live + Credit Card with access to over 200 restaurants and culinary offers across Asia
HSBC India renames its Cashback Credit Card to HSBC Live + Credit Card with access to over 200 restaurants and culinary offers across Asia
Source: PR Agency
2024-07-13 10:40:00 am
Federal Bank Unveils UPI-Enabled RuPay Wave Credit Card via a Simplified 2-click onboarding journey Federal Bank, in collaboration with National Payments Corporation of India (NPCI), has launched RuPay Wave Credit Card that empowers customers with the convenience of UPI-powered transactions on robust RuPay network. This offering will seamlessly integrate the benefits and features of RuPay credit cards with the experience of UPI payments, ushering in a new era of simplicity and efficiency in digital transactions.  By leveraging the robust UPI infrastructure developed by NPCI, Federal...
Federal Bank Unveils UPI-Enabled RuPay Wave Credit Card via a Simplified 2-click onboarding journey
Federal Bank Unveils UPI-Enabled RuPay Wave Credit Card via a Simplified 2-click onboarding journey
Source: PR Agency
2024-06-19 05:16:47 pm
Reduce SBI Cards Ltd For Target Rs.725 - Emkay Global SBI Cards (SBIC), yet again, reported a miss on earnings (of 10%), with PAT at Rs5.5bn/4.1% RoA due to continued deterioration in asset quality leading to higher LLP/charge-off. Though SBIC has taken incremental measures to cut portfolio risk, NPAs are on the rise, with GNPA ratio now at 2.6% from a low 2.2% a year ago. With the revolver portfolio being relatively lower at 23% from the 40% peak pre-Covid, we do not expect a full blown asset-quality fallout akin to that during Covid, but delin...
Reduce SBI Cards Ltd For Target Rs.725 - Emkay Global
Reduce SBI Cards Ltd For Target Rs.725 - Emkay Global
Source: Emkay Global
2024-04-27 09:59:38 am
RuPay Unveils 'Link it, Forget it' Campaign at IPL 2024 to Promote RuPay Credit Card on UPI National Payments Corporation of India (NPCI) unveils ‘RuPay – Link it, Forget it’ campaign at Indian Premier League (IPL). Conceptualized by DDB Mudra Group, the campaign aims at increasing awareness about RuPay Credit cards which can be linked to a UPI ID, thus directly enabling safe, and secure payments. With the introduction of RuPay Credit Card on UPI, the concept of purposely leaving the physical wallet isn't just a convenience; it's becoming a lifestyl...
RuPay Unveils 'Link it, Forget it' Campaign at IPL 2024 to Promote RuPay Credit Card on UPI
RuPay Unveils 'Link it, Forget it' Campaign at IPL 2024 to Promote RuPay Credit Card on UPI
Source: PR Agency
2024-04-19 08:46:03 am
India central bank tightens rules for business cards The Reserve Bank of India (RBI) on Thursday tightened rules for credit and debit cards used for business accounts. The RBI asked business card-issuers to put in place an effective mechanism to monitor end use of funds. Last month, the RBI had ordered Visa to stop using an unauthorized route to make business-to-business card payments which used fintech companies as an intermediary. The regulator on Thursday also said that card-issuers cannot share data of customers with outs...
India central bank tightens rules for business cards
India central bank tightens rules for business cards
Source: Reuters
2024-03-08 10:21:22 am
India central bank asks card issuers to give users choice of other networks  India's central bank on Wednesday said issuers of credit cards shall not enter into any arrangement or agreement with card networks that restrain customers from availing the services of other networks. "On a review, it is observed that some arrangements existing between card networks and card issuers are not conducive to the availability of choice for customers," the Reserve Bank of India (RBI) said in a circular. Card issuers are required to provide an option to the...
India central bank asks card issuers to give users choice of other networks
India central bank asks card issuers to give users choice of other networks
Source: Reuters
2024-03-06 10:42:08 am
India central bank stops certain Visa B2B card payments, sources say The Reserve Bank of India has ordered Visa to stop using an unauthorized route to make business-to-business (B2B) card payments, two sources familiar with the matter said on Thursday, the latest clampdown by the financial regulator in the fast-changing payment sector. Earlier in the day, the central bank said it had asked a card company, which it did not name, to stop routing some commercial payments through third-party intermediaries as they did not comply with payment and customer identi...
India central bank stops certain Visa B2B card payments, sources say
India central bank stops certain Visa B2B card payments, sources say
Source: Reuters
2024-02-16 09:09:48 am
Buy SBI Cards and Payment Services Ltd For Target Rs.900 - Motilal Oswal NII, PPoP in line; elevated provisioning drags earnings Spending jumps 27% YoY * SBI Cards (SBICARD) posted PAT of INR6.03b, up 15% but a 7% miss vs. our expectations. NII grew in line at 16% YoY; however, elevated provisions dragged earnings down. * Margin contracted 12bp QoQ to 11.3% amid decreasing yield as the mix of EMI and revolver stood broadly stable. Growth in spending was healthy, with retail spending up 21% YoY while corporate spending rose 55% YoY. * GNPA ratios inched...
Buy SBI Cards and Payment Services Ltd For Target Rs.900 - Motilal Oswal
Buy SBI Cards and Payment Services Ltd For Target Rs.900 - Motilal Oswal
Source: Motilal Oswal Financial Services Ltd
2023-11-13 11:58:32 am
Buy SBI Cards and Payment Services Ltd For Target Rs.874 - Geojit Financial Robust growth in card spends, outlook positive SBI Cards & Payment Services Ltd (SBI Cards) is India’s leading issuer of credit cards. The company offers a wide range of value-added payment products and services. It operates in more than 130 cities in the country • NII rose 16.1% YoY in Q2FY24 to Rs. 1,297cr. NIM contracted 90bps YoY to 11.3% owing to increase in cost of funds. • The company registered a 20.7% YoY growth in retail spends and 55.3% YoY growth in co...
Buy SBI Cards and Payment Services Ltd For Target Rs.874 - Geojit Financial
Buy SBI Cards and Payment Services Ltd For Target Rs.874 - Geojit Financial
Source: Geojit Financial Services
2023-11-10 03:14:27 pm
Add SBI Cards and Payment Services Ltd For Target Rs.900 - YES Securities Credit cost normalization elusive Largely in-line numbers SBI Cards delivered an in-line NII, PPOP and PAT in Q2 FY24, and the performance was characterized by 1) steady card addition and CIF growth (up 3% qoq/20% yoy), 2) sustained strong growth in Retail spends (up 5% qoq/20% yoy), 3) jump in Corporate spends (up 14% qoq/55% yoy), 4) healthy fee income growth (up 4% qoq/23% yoy), 5) an expected NIM decline (14 bps decline in portfolio yield), 6) controlled opex growth (cost/income was...
Add SBI Cards and Payment Services Ltd For Target Rs.900 - YES Securities
Add SBI Cards and Payment Services Ltd For Target Rs.900 - YES Securities
Source: Yes Securities Ltd
2023-11-07 12:12:19 pm
Hold SBI Cards and Payment Services Ltd For Target Rs.865 - Emkay Global Financial SBI Cards (SBIC) reported in-line, albeit relatively moderate, PAT at Rs6bn/ROA at 4.9%, as asset quality continues to hurt, leading to elevated write-offs. Company indicates that it is keeping close track of its portfolio, while taking corrective measures to limit incremental stress. SBIC lost some market share in CIF/spends at 19.2%/17.9% in 1H from 19.7%/18.2% as of FY23, possibly due to devaluation of the high-selling cashback card. Gross receivables growth too was modest, at 20% YoY, due...
Hold SBI Cards and Payment Services Ltd For Target Rs.865 - Emkay Global Financial
Hold SBI Cards and Payment Services Ltd For Target Rs.865 - Emkay Global Financial
Source: Emkay Global Financial Services
2023-11-02 11:07:51 am
Axis Bank and Fibe Partner to Launch India`s First Numberless Credit Card Axis Bank, one of the largest private sector banks in India and Fibe, (formerly known as EarlySalary), India?s leading Fintech, today partnered to launch India?s first-ever numberless credit card for tech-savvy Gen Zs.With a numberless credit card, customers get an added level of security as there is no card number, expiry date, or CVV printed on the card plastic. This reduces the risk of identity theft or unauthorised access to customer's card details ensuring absolute securit...
Axis Bank and Fibe Partner to Launch India`s First Numberless Credit Card
Axis Bank and Fibe Partner to Launch India`s First Numberless Credit Card
Source: PR Agency
2023-10-10 02:35:36 pm