E-commerce spend driving use of credit cards in non-metros, says Visa

With rising disposable incomes in cities beyond metros, the penetration of credit cards — and consequently, credit card spending — is growing at a much faster pace than in traditional metro cities, primarily driven by e-commerce spending. Other segments, including travel, online gaming, and online education, are also showing extensive increases, said Sushmit Nath, head of consulting and analytics, India and South Asia at Visa, in a conversation with Business Standard.