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Credit Cards - Industry Parameters On An Uptick: ICICI Securities

Credit Cards - Industry Parameters On An Uptick: ICICI Securities

<div class="paragraphs"><p>American Express, MasterCard, and Visa credit cards are displayed for a photograph in New York, U.S. (Photographer: Daniel Acker/Bloomberg)</p></div>
American Express, MasterCard, and Visa credit cards are displayed for a photograph in New York, U.S. (Photographer: Daniel Acker/Bloomberg)

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

ICICI Securities Report

Industry-wide February 2022 credit card spend at Rs 860 billion was down by a modest 2% month-on-month but, as per trends, March 2022 is expected to post robust spend at Rs 1,045 billion.

FY22 is set to be a good year with overall spend of Rs 9.7 trillion (versus FY20/FY21 levels of Rs 7.3 trillion/Rs 6.3 trillion).

While SBI Cards and Payment Services Ltd.’s market share in terms of spend declined to 18.8% in Feb-22 versus 20% in January 2022, full-year FY22 spend share for the company would be 19% (versus FY20/FY21 levels of 17.9/19.4%).

Revival in air travel, hospitality sector as well as increasing inflation outlook set a positive outlook on credit card spend as well as receivables.

Click on the attachment to read the full report:

ICICI Securities Credit Cards Monthly.pdf

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