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Cred users paid Rs 52,000 crore with credit cards for shopping in 2021

admin by admin
December 18, 2021
in Credit Cards
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Cred users paid Rs 52,000 crore with credit cards for shopping in 2021

users spent a total of Rs 52,000 crore through credit cards on shopping in 2021, with the festive season clocking the highest expenditure, according to a report put out by the credit cards-focused fintech platform.

October recorded the highest expenditure on shopping, with Rs 7,535 crore being spent, the report titled Cred Insights stated.

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“Another interesting trend on shopping emerged after the restrictions were eased. The spending increased gradually—July (Rs 4,758 crore), August (Rs 6,833 crore) and September (Rs 5,926 crore) compared to a combined Rs 7,624 crore in June and May.”

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