How Fintech Credit Card Different From Banks Credit Cards

What IS Fintech ?

Fin + Tech = Fintech Fin Means Finance, Tech Means Technology Businesses that use technology to automate financial services and processes

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What IS Fintech ?

Fin tech companies is payment companies like phonepe, patm, coindcx, Groww etc.

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Most of the NBFC Tyep With Banks, Like BAJAJ Finserv

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But the fintech company that gives you a credit card is not a credit card, it is a credit line but it acts like a credit card.

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According to RBI, Nbfc and Fintech companies cannot issue credit cards, credit cards are only issued by banks.

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According to 2021 financial year - Only 6% Peoples is Using Credit Cards, only 62 millions credit card is issued

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There is a lot of problem in taking credit cards from banks but Fintech companies give you credit lines easily.

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In India only data of 2021 - 6636 fintech startups iin india, market price is 31 billion $

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Fintech compnies is Targeting of Youth, they is investing on design of credit card and marketing

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