New Delhi, March 28 -- UPI and digital technologies are changing the credit card industry with recent technological advancements and Credilio is leading this change by making it easy to use UPI with its credit cards, said, Aditya Gupta, CEO at Credilio in an interview with SME Times.
Excerpts of the industry.
What strategies can be enacted to ensure responsible lending practices while expanding credit card services into underserved sectors in India?
Aditya Gupta:
In India, where many people in underserved areas lack access to credit cards, it's essential to lend responsibly and promote financial literacy. Companies should be transparent and clearly explain the terms, fees, and responsibilities of using credit cards. To prevent overspend...