Founder & CEO, IndiaLends, provides exclusive insights on Consumer Trends during festive shopping
FinTech BizNews Service
Mumbai, November 15, 2023: IndiaLends is a financial technology start-up based in Delhi-NCR. The company was founded by former UK’s Capital One banker Gaurav Chopra who has more than 15 years of domain expertise in driving innovation in digital finance, credit analytics and mobile payments in the Indian and global markets. IndiaLends’ team is equipped with experienced and qualified finance professionals associated from the top-notch institutions such as IIT, LBS, IIM, Stephen's, LSE, and various global banks. IndiaLends is currently working with 50+ partners which includes of major PSU, private sector banks, and NBFCs. IndiaLends also provides value-added services to its customers such as free credit score check for maintaining their financial well-being, big-data analytics, credit risk assessment, and automated work-flows for loan origination and management services. The company also offers an open-API model for banks and NBFCs to partner with them through a plug-n-play approach. Gaurav Chopra, Founder & CEO, IndiaLends, provides exclusive insights on Consumer Trends during festive shopping:
Consumer Trends: Unveiling the reasons behind the increasing preference for credit cards during festive shopping
Gaurav Chopra: I believe using credit cards during festive shopping is a game-changer. Firstly, the rewards and cashback offer help you during the festive season. It's like getting gifts for yourself while buying for others. Plus, the convenience of not carrying cash and the added security make it a no-brainer. It's about smart spending and enjoying perks – a win-win festive strategy.
Top Choices: Analysing why certain credit cards, such as Axis Bank MyZone, IDFC Bank Millenia, and ICICI Bank Platinum chip, are leading the pack
Gaurav Chopra: These standout credit cards, like Axis Bank MyZone, IDFC Bank Millenia, and ICICI Bank Platinum chip, are everyone's go-to for festive spending. Their customised benefits, from accelerated rewards to special discounts, cater to their needs. What's even better is their banks' user-friendly experience and responsive customer service. It's not just about having a card; it's about having a festive season ally that goes the extra mile.
Financial Strategy: Exploring how consumers are leveraging credit cards to enhance their festive shopping experience while being financially prudent
Gaurav Chopra: More and more people now opt for the right credit card for them, but not just this; they're making sure they spend their money well. People are also focused on maximising their benefits. Whether it's cashback, rewards, or exclusive deals, your credit cards add a layer of happiness to your celebrations.
Behavioural: Consumers’ behaviour during the festive season
Gaurav Chopra: Festive season shopping reflects not just purchases but emotions. It's a time when consumers blend celebration with conscious choices, seeking value and joy in every transaction.
