Parag Rao, Group Head, Payments, HDFC Bank, said, “Our festive, credit card-focused processing plan will cover all merchant partner segments to deliver great deals to our customers. This includes partnerships with major e-commerce platforms such as Amazon and Flipkart, food delivery partners such as Swiggy and Zomato, travel partners such as MakeMyTrip and Goibibo, and beauty partners such as Myntra and Nykaa .
There has also been a considerable increase in the number of credit cards in recent months. According to RBI data, various banks across the country added 18,000 credit cards in June. With this, the number of credit cards increased to 7.82 crores. This number is 25.3% higher than last year.
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