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BankSathi emerges as India's 3rd largest credit card issuer, reinforces commitment to financial innovation thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.
BankSathi emerges as Indias 3rd largest credit card issuer, reinforces commitment to financial innovation webindia123.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from webindia123.com Daily Mail and Mail on Sunday newspapers.
BankSathi, a fintech startup, has become the third-largest credit card issuer in India with 3.6 lakh Annual Recurring Revenue. The company has issued 3 lakh credit cards as of June 2023, a fourfold increase from the previous fiscal year. The credit card industry in India is expected to grow at a 25% compound annual growth rate and reach 20 crore credit cards by 2026. BankSathi has achieved this milestone by leveraging algorithms and data analytics to provide personalized recommendations and by offering fast credit card approvals within 30 minutes. The company plans to close this financial year with 6 lakh credit card ARR to become the largest credit card issuer in India. ....