Credit Cards Versus UPI - What Is the Conviction?

Anurad: Credit card is a dual product built into one. One side, it's a payment product and other side, it’s a credit product. The overall balance sheet of credit card business in India is more than one and a half lakh crore now. It's growing at almost 30 percent caggler for the last five years. But if you have to take a fight and year review from here on, you know, someone like us has to define our role much more generically. So we call ourselves a transactional credit company. We don't care whether you use credit cards. And I think UPI did, UPI made Indians comfortable using money on mobile.