According to the latest report from the IMARC group, entitled “Credit Card Payments Market Report: Global Industry Trends, Share, Size, Growth, Opportunities and Forecast 2022-2027”, The global credit card payments market reached a value of XX billion US$ in 2021. Looking forward, IMARC Group expects the market to grow at a CAGR of XX% during […]
Bombay : Bounce rates or defaults on equivalent monthly payments have not deteriorated so far in January as most borrowers are paying their dues on time, banks and nonbank lenders said. The trend indicates that borrower incomes have been isolated so far from the third wave of the pandemic, unlike what was seen in the […]
Instacart gets its own credit card. In a first in the on-demand grocery delivery market, the company is partnering with credit card issuer Chase and payment network Mastercard to create a co-branded payment form. Launching later in 2022, the new Instacart Mastercard credit card is classified as a “World Elite” Mastercard and will provide shopping […]
BankBazaar.com, India’s largest fintech co-branded credit card issuer and free credit score online platform, saw 80% year-on-year growth in credit card issuance between December 2020 and December 2021. Growth has been driven by new credit card issuance through fully digital processes and a co-branded business model that currently accounts for 50% of the company’s credit […]
Bombay (Maharashtra) [India], Jan 17 (ANI/NewsSee): BankBazaar.com, India’s largest fintech co-branded credit card issuer and free credit score online platform, reported 80% year-on-year growth the other from credit card issues between December 2020 and December 2021. Growth has been driven by new credit card issuance through fully digital processes and a co-branded business model that […]
Rising demand for cash alternatives and availability of affordable credit cards across the globe is driving the growth of the global credit card market. Additionally, the growing demand for credit cards among young people in developing countries is having a positive impact on the growth of the market. The global credit card payments market is […]
Image source: Getty Images Share this page: If you’ve ever owned or considered owning a credit card, you may have encountered periods of interest-free credit. Well, current UK credit conditions mean that a number of major banks are extending their interest-free periods for the foreseeable future. Here’s how you can take advantage of the situation […]
Alternative loansDigital bank The bank aims to help near-privileged customers build credit. Image source: Andy Mielczarek/Chetwood Financial. A rapidly accelerating area of fintech is the recent rise of challenger credit cards, with names like Zopa, Tymit and Jaja working hard to bring new propositions to a market that lacks innovation. Enter Chetwood Financial, which is […]
As the Omicron variant of Covid-19 cases spreads across the country, a potential third wave of viral infection poses a risk to the quality of banks’ assets, especially the restructured loan portfolio, according to the rating agency ICRA. “Banks have restructured most loans (during the second wave of Covid-19) with a moratorium of up to […]
Risks to keep in mind when co-signing a new credit card application for a friend or family member Image Credit: Rodnae / Pexels Dubai: Most laws prohibit banks from issuing credit cards to anyone under the age of 21, unless the person has a co-signer or sufficient income to pay off the card. But one […]