Sanjeev Moghe, President & Head of Cards & Payments at Axis Bank, shares his insights on the evolution of credit cards in India. He discusses the surge in credit card usage during festive seasons and the growing popularity of co-branded cards with e-commerce giants. Sanjeev elaborates on the challenges posed by regulatory changes and credit card delinquencies. He also provides valuable tips for effective credit card management and highlights the importance of reward programs, ensuring consumers make the most of their credit card experiences.
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Credit Card Evolution
Early credit cards were processed by 'slug machines', requiring imprints for verification.
This evolved to swiping, then chip-and-pin for increased security.
insights INSIGHT
Types of Credit Cards
Credit cards are categorized into proprietary and co-branded cards.
The most important scientific discovery of all time and why you need to know about it
Simon Singh
The book chronicles the evolution of the Big Bang model of the universe, from ancient Greek scientists to 20th-century discoveries. It includes personal stories of key figures such as Albert Einstein, Georges Lemaître, Edwin Hubble, and others who contributed to the theory. The book also explores the scientific method, highlighting how serendipity, curiosity, theory, and observation have shaped our understanding of the universe. It addresses the initial skepticism towards the Big Bang theory, including Einstein's initial dismissal, and how subsequent observations confirmed its validity[1][2][4].
Sea of Poppies
Amitav Ghosh
Gabriela Ellena Castellotti
Set prior to the First Opium War, the novel follows a diverse group of characters whose lives intersect on the Ibis, a ship that was once a slave vessel and is now refitted to transport indentured laborers from India to Mauritius. The story delves into themes of colonialism, the opium trade, class divisions, and personal transformation. It features characters such as Deeti, a widowed poppy farmer; Zachary Reid, a mixed-race American sailor; Neel Rattan Halder, a deposed raja; and Paulette, the orphaned daughter of a French botanist. Ghosh's rich and descriptive prose brings to life the intricate details of the settings and the complex lives of the characters[1][3][5].
Join us in this insightful episode as Anupam sits down with Sanjeev Moghe, President & Head of Cards & Payments at Axis Bank, to explore the dynamic evolution of credit cards. We delve into the transformation of credit card products over the years, the variety of cards available today, and the nuances of credit card rewards and their evolution. Sanjeev shares his expert perspective on the surge of credit card usage during festive sales, the rise of co-branded cards with online partners like Flipkart and Swiggy, and the impact of RBI's regulations on unsecured lending. We also discuss credit card delinquencies in India and offer practical advice on managing credit cards effectively, including the ideal number to hold.
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