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What is Credit Card Industry in India Overview about?

The document provides an introduction to the credit card industry in India. It discusses the growth of the credit card market in India, fueled by a growing population of adults with rising incomes. The key players in the credit card system are described, including cardholders, merchants, issuing banks, acquiring banks, and credit card networks. A brief history of credit cards is also provided, noting their origins in the 1950s as a solution for forgotten wallets.

Author

Yash Rochlani

Language

EN