New Delhi, Sept. 17 -- Dreamfolks Services, once India's largest airport lounge aggregator, has officially exited the lounge access business in India. The decision, announced in a stock exchange filing on Tuesday, is expected to disrupt lounge access for credit card users of select banks who rely on complimentary lounge access as a key perk.

While this move may not impact cardholders of major banks, customers of smaller banks may face challenges until their banks forge new partnerships.

For years, Dreamfolks acted as the middleman between banks, credit card issuers and airport lounge operators, providing seamless access for millions of travellers. But the company has been facing mounting pressure from new competitors and changes in the ...