Monthly Credit Card spend is @1.28 lac crs via
60% ecommerce
38% Point of Sales
as per data released by RBI of January, 23.
Total Credit cards issued stand around 8.2 crs.
HDFC is by far the largest used Credit card, in volume of transactions and value terms.
What does this mean?
In October, 22 (note diwali spend), the value was highest in a year -1.29 cr. and now 1.28 cr.
What could be the reason for such high figures?
Does inflation and rise im EMI due to interest rate increase put pressure on cashflows and has increased this Credit Card spend?
What is your observation for yourself and your dear ones?
Kirtan A Shah
Sahil Kapoor
Anshul Gupta
Ashish Singodia
Priyanka Acharya
Pravin Shetty
Divyashikha Gupta
Abhishek Kulkarni
Archy Gupta
Ruparanjan Mohapatra
Nayan Bheda
Jesse J
Ashish Jhanjee
CA Ashish M Chandak
CA. Anand Lunkar
I have also come across some, doing SIPs payments via credit cards.
#creditcards #cashflow #familybudget #expenses #financialplanning #financialfreedom #emergencyfund #financialplanner #personalfinance #mutualfund #sip
Is this a sign of on ground liquidity / cashflow mismatch for family's ?
#ecommerce #payments #data
Image Credit -
paisabazar
financial express
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