'SBI Cards & Payment Services conducted a conference call on 24 April 2025 to discuss its financial results for the quarter ended March 2025. Salila Pande, MD&CEO addressed the call:
Highlights:
The company continues to contribute towards India''s growing
digital payments ecosystem, which is expected to contribute to almost 20% of
the GDP by 2026 and surpass US$ 1 trillion by 2028. With UPI and Bharat QR, the
nation is fast transitioning into a cashless economy.
The credit cards remain a vital component of the payment
landscape with nearly 109 million cards in force at the end February 2025. The
credit card industry continues to witness robust adoption among aspirational
consumers.
The company has 18.9% market share in cards and remains
India''s largest pure play credit card issuer.
In December 2024, the company crossed 2 crore cards in force
milestone. The company is committed to expanding core card portfolio with...
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