Data / Analytics

Data / Analytics on Indian Credit Cards Market

Experian India Catching Up with CIBIL on Customers

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Experian IndiaExperian is one of the four credit bureau license holders in India – CIBIL, CRIF Highmark and Equifax being others. In the global pecking order, Experian is 2X Equifax and 4X Transunion globally. In India TransUnion (CIBIL) has a larger presence.

In India, there are two entities, Experian Services India – 100% sub, decision analytics, marketing services (CheetahMail – world’s largest email marketing platform), business information (international reports).

Experian India: (1) 210 mn+ customers (2) 600 mn + address (3) 150 mn+ mn name variations; 60 mn+ identity variations. Credit accounts: (1) 380 mn+ current credit accounts; roughly 2 lines of

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Why Credit Cards Still Offer Promise Despite Modi’s Digital Hype ?

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Credit Cards vs Digital WalletsIn an era of Modi Government’s Digital India, new companies are unable to offer any new service but are looking to make it simpler and importantly, more relevant for consumers as the broad perception is that banking is a relatively complex business and the user experience/interface is far from satisfactory. Banks are defending their business as they have better data of their consumer, brand or customer trust and a large distribution network.

Digital acceptance of payment is not too high as >90% of transactions still move by cash. The extinction of the credit card business is unlikely in the medium term. The value proposition of the card would still be appealing to the consumer, especially

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Credit Bureaus Aid Unsecured Lending to High Credit Score Consumers

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Unsecured Loans Growth IndiaThe transformation of the Indian financial sector began with consumer credit profiling by credit information company such as CIBIL and later permitting Equifax and Experian to compete in the world’s largest democracy. In the last 5 years, Credit bureaus have been a game changer for the personal / business loan and credit card segments.

Unsecured products (personal /business loans, credit cards ) are seeing continued momentum in growth. However, this difference between current and previous

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Total Debit and Credit Card Issued in India Reaches 520 Mn in 2014

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In continuing our tradition to source authentic data and present it to you, we have published the breakup of Debit Card and Credit Cards in circulation in India at the end of Dec 2014. It gives me immense pleasure to state that Total Debit & Credit Card Penetration in India has touched a whopping 520 Million / 52 Crore [1 Crore = 10 Mn] at the end of 2014, half the size of Indian population, still less than the 97 crore mobile connections India has.

The Following Chart Shows the

Read moreTotal Debit and Credit Card Issued in India Reaches 520 Mn in 2014

What is the Co-Relation Between CIBIL Credit Score & Loan Sanction ?

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CIBIL CardBhai Interaction on Loan Approval & Credit ScoreThe demand for loans in India for various products, including home and auto loans from banks and other financial institutions in India, has grown a sharp 150% since 2010, according to CIBIL. As India’s largest credit information company, CIBIL has 930 credit institutions as its members and maintains information on over 290 million consumer trades and 14 million commercial trades

What are the hit rates on CIBIL? Have they gone up?

Credit / Debit Card Acceptance on Rise as Indian Banks Push POS Terminals

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Credit card POS Terminals Rise in IndiaIndians are increasingly spending Plastic Money – using Credit / Debit cards as RBIs favorable regulations has helped develop the Eco-system for Banks & Consumers as well. For Banks, Credit Cards has become a profitable portfolio and thus the race began with private banks beginning to be the end points for sale [POS] transaction which helps them keep the 1.65% Merchant Discount Rate they charge to the business establishment.

HDFC Bank began the race for establishing POS terminals and it has reached a whopping 245,842. ICICI Bank has also made a strong

Read moreCredit / Debit Card Acceptance on Rise as Indian Banks Push POS Terminals