Finance & Business
POSTED BY: Ranjeet Kumar PUBLISHED: Jun 24, 22
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.
According to him, out of all the cards issued, around one lakh are given to those who have never used a credit card before.
Due to the development of e-commerce businesses, the demand for credit cards has surged in tier-2 and tier-3 cities.
The demand for credit cards has increased as a result of the increased traffic on these online platforms
According to Markanday, who was speaking during the inauguration of the bank's customized credit customized cards
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.
Customers will have the chance to customise credit card offers and the fees they incur through the bank.
The bank has also given customers the option of setting a spending cap within the range of eligibility.