The Credit card industry in India is growing at a high CAGR of 22-25% YoY.

9.1 crore – credit cards in India 
5.5 Crore – unique customers in India who have credit cards (approx – 50-60%)
95 crore – debit cards in India

Can you guess how many credit cards are in China? 
100 crore! Unbelievable

How can we increase the numbers in India?
1) Focus on other cities other than the top 20 cities in India
2) Keep an eye on NTC 
3) Giving Co-Branded credit cards by having alliances with Merchants

A detailed discussion with Ramanathan RV, on co-branded credit cards. Please use this link –


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