The opportunity:Here’s how each player involved can win from the Samsung Axis Bank Visa credit cards. The government’s recent crackdown on fintech lending may also put Axis Bank in a better position to grab market share. While several fintechs have been competing to fill the credit gap, established issuers like Axis Bank may have an easier time doing so thanks to their scale. This feature will let more merchants in India take credit card payments indirectly, which could boost overall use. And the government is trying to increase credit card use: Last week, the National Payments Corporation of India expanded the Unified Payments Interface (UPI)-the country’s mobile bank-to-bank instant payments system-to link with credit cards. There were about 939 million debit cards in circulation in August compared with only about 78 million credit cards, according to data from the Reserve Bank of India. Personalized Card Art will let you select your preferred card design for credit and debit cards that are saved in Samsung Wallet. When you’re traveling, simply load and save your boarding pass to Samsung Wallet so it can be scanned like a physical pass. ![]() Why it’s worth watching: India’s credit card market is ripe for growth. Upcoming features include a Boarding Pass Capture and a Personalized Card Art. The card has a 30,000-point welcome bonus worth INR 6,000 ($81) after customers make three transactions. ![]() ![]() The higher-tier Infinite card costs INR 5,000 ($68), and cash back is capped at INR 20,000 ($271). ![]() It offers a welcome bonus of 2,500 points worth INR 500 ($7) after customers make three transactions.
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