YieldLab

Unlock the Latest Insights on the Indian Credit Card Industry! We’re excited to share our comprehensive report on the growth trajectory and emerging trends shaping the future of the Indian credit card market. 📈 Highlights include: 🚀 Strong Market Growth: Credit card spends reached ₹1.73 trillion in July 2024, a 19% YoY increase. 📱 Innovation with UPI: Credit Cards on UPI are driving higher transaction volumes, especially for small-value payments. 🏦 Shifting Market Dynamics: Private banks dominate, but public banks are gaining with new partnerships and co-branded offerings. ⚠️ Navigating Challenges: Capital adequacy requirements and credit cycle risks may impact new card issuance. Stay ahead with insights on growth strategies, risk management, and digital innovation! 👉 Download the full report now - https://lnkd.in/dp6ZZkvP Share with your network and let us know if there are specific areas you'd like us to cover in future reports! #CreditCard #Fintech #DigitalPayments #BankingTrends #India #Innovation #UPI #YieldLab

YieldLab Pulse: Oct-2024 Credit Card Industry Update 📊 October brought positive momentum in credit card spending across the industry, showcasing growth across key metrics. Here’s a quick snapshot of the latest trends: Transactions: 259.68 million  Total Spends: ₹1,63,781.73 Cr Average Ticket Size: ₹6,307  E-commerce Spend Share: 0.65% These figures reflect a strong month-on-month increase, particularly in overall spends and ticket size, signaling robust consumer activity. #CreditCardInsights #PaymentsTrends

Help Us Build YieldLab Further! 📊 We want to bring you more valuable insights on the credit card industry. To do that, we need your feedback! 💡 We’ve created a quick 2-minute survey to understand what you’d like to explore and learn with us. Your thoughts will help us tailor our content to better suit your interests and needs. 👉 Take the Survey Here: https://lnkd.in/dXyFdBUm Thank you for being a part of our journey! 🙌 #FeedbackMatters #HelpUsImprove

📊 Yield Lab Pulse: Analyzing Key HDFC Credit Card Fee Changes 💡 HDFC Bank has introduced several updates to its credit card fees and rewards in the last quarter. To make things clear, we’ve compiled all the changes in one place, with a simple example to illustrate their impact. From a 3.5% Foreign Transaction Fee on popular cards like Regalia to new EMI processing fees and 1% charges on high-value rent and utility payments, these changes could mean higher costs for cardholders. 📈💳 Read the full breakdown here: https://lnkd.in/dAZFY4z6 #YieldLabPulse #HDFCUpdates #CreditCardFees

💡 Myth or Fact? Do Credit Card Spends Really Surge During Festive Days? 🎉💳 You might think Dussehra and Diwali are all about last-minute shopping, but did you know that pre-festive spending is actually higher? 🛒💸 While the festive period does drive credit card activity, a whopping ₹63,890 Cr was spent using Credit Cards before Dussehra in 2024, with e-commerce leading the way. Surprised? There’s more… Discover the real insights behind festive spending patterns, how POS transactions hold their ground, and the 10 Commandments for Credit Card Portfolio Managers to maximize opportunities. 👉 Read the full blog to uncover more surprising trends and actionable tips: https://lnkd.in/d5BiShWx #CreditCardInsights #FestiveSpending #Dussehra2024 #CreditCardPortfolio #EcommerceTrends

📊 YieldLab Pulse: Weekly Credit Card Industry Insights – October 14, 2024 The credit card industry is experiencing significant festive growth this month, with spends as of October 14, 2024, reaching ₹77,767 Cr, marking a 19.95% month-on-month growth. This surge reflects increased consumer activity during the festive season, driven by offers and discounts across sectors. In parallel, ICICI Bank has introduced important changes to its terms and conditions, effective November 15, 2024: 1) New Caps on Reward Categories: Rewards on categories such as Utilities, Insurance, and Groceries will now be capped, limiting the benefits cardholders can earn. 2) Exclusion of Rewards on Government Payments: Payments to government bodies will no longer be eligible for rewards. 3) Spend Threshold Adjustments: ICICI Bank has revised the categories that count toward spend thresholds for fee waivers. The following categories will be excluded: rent, government services, and education. 4) New Fees: The bank has introduced a 1% fee on payments made to educational institutions via third-party apps. Additionally, utility payments and fuel transactions beyond a specific threshold will attract a 1% fee. These changes highlight a growing trend among banks to reassess reward structures and manage portfolio profitability amidst rising costs and regulatory pressures. Don't miss last week’s Interest Rate (APR) Benchmarking for a deeper look at the credit card landscape. 📖 Read the full article: https://lnkd.in/dbbi9iA7 Stay ahead with Yield Lab’s insights into how the industry is evolving. #CreditCards #YieldLab

🔍 SBI is the latest credit card issuer to raise its APR to 3.75% from November 01, 2024. How are other issuers faring? With a major bank like SBI increasing its APR, we've benchmarked the top Indian credit card issuers to see how they’ve adjusted amidst rising costs and regulatory changes. Discover how APR is evolving and the factors driving these shifts in our detailed analysis. #APRBenchmarking #CreditCardIndustry #YieldLab

Too busy to go through the latest RBI data on Credit Card spends (Aug-2024) or found it too long? Here's a concise summary of the key trends. Stay updated with the latest industry insights with our latest blog: https://lnkd.in/dz7mMtvA #CreditCardInsights #PaymentsIndustry #YieldLab

🚀 Exciting Update from YieldLab! 🚀 We’ve added TPC (Transactions Per Card) and SPC (Spending Per Card) charts to our website to enhance your industry insights! 📊 👉 Industry TPC continues its upward trend, hitting 3.71 in August, up from 3.68 in July. 📈 On a Year-on-Year basis, TPC has grown by 16% with public sector banks leading the charge at 16.1%, marginally ahead of private sector banks at 15.1%. 🏆 In the public sector, SBI Card and BOB continue to dominate. 🏅 Among private banks, HDFC, ICICI, and Axis lead the way, with IDFC First Bank and Yes Bank making impressive strides. Check out the updated charts on our website to dive deeper into these trends! Check Now - https://yieldlab.ai/home #PaymentTrends #TPC #SPC #BankingInsights #PublicVsPrivate #YieldLabUpdates #Fintech

🚨 Latest Credit Card Industry Data - August 2024 Updated! 🚨 The latest trends in the Indian credit card industry are now available on YieldLab! Here's a quick snapshot: 1) Credit Card Industry Size: 105.5M cards (+0.9M net addition) 2) Total Spends: ₹1.69 trillion (2.31% decline MoM) 3) Spends Per Card (SPC): ₹16,030 (down from ₹16,554) Additionally, credit card outstanding as of July 2024 has reached ₹2.75 trillion, marking a 22% YoY growth. Stay informed with the latest trends—sign up for free at https://yieldlab.ai/signup #CreditCards #Fintech #DataInsights