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Learn moreNov 2020
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The number of credit cards in India grew tremendously over the review period as the leading banks incentivised consumers to take out their products. Growth has slowed considerably in 2020, however, due to the impact of COVID-19.
Commercial credit cards have been particularly hard hit in 2020 with travel suspended for much of the year. Spending on hotels, flights and restaurants accounts for a large majority of sales on commercial credit cards.
There has been a definite shift in spending habits due to COVID-19 with consumers showing a preference for debit over credit cards. With non-essential stores closed during the lockdown and with consumers postponing the purchasing of big ticket items credit card transactions have taken a significant hit.
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Discover the latest market trends and uncover sources of future market growth for the Credit Card Transactions industry in India with research from Euromonitor's team of in-country analysts.
Find hidden opportunities in the most current research data available, understand competitive threats with our detailed market analysis, and plan your corporate strategy with our expert qualitative analysis and growth projections.
If you're in the Credit Card Transactions industry in India, our research will save you time and money while empowering you to make informed, profitable decisions.
The Credit Card Transactions in India market research report includes:
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Euromonitor’s industry reports, including Credit Card Transactions in India, originate from our database within our Consumer Finance market share and market size database
Gain competitive intelligence about market leaders. Track key industry trends, opportunities and threats. Inform your marketing, brand, strategy and market development, sales and supply functions.