AU Small Finance: Demand for credit cards has increased

TeknikalRaman

Finance & Business

POSTED BY: Ranjeet Kumar PUBLISHED: Jun 24, 22

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Since launching its credit card services in 2021, AU Small Finance Bank has issued 225,000 credit cards, according to Mayank Markanday, the bank's head of credit card business.

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According to him, out of all the cards issued, around one lakh are given to those who have never used a credit card before.

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Due to the development of e-commerce businesses, the demand for credit cards has surged in tier-2 and tier-3 cities.

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The demand for credit cards has increased as a result of the increased traffic on these online platforms

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According to Markanday, who was speaking during the inauguration of the bank's customized credit customized cards

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the bank has been able to issue so many cards in such a short period of time because of its larger presence in smaller cities.

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Customers will have the chance to customise credit card offers and the fees they incur through the bank. 

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The bank has also given customers the option of setting a spending cap within the range of eligibility.