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VCGuy

Believe me, it’s not... • 2m

India's credit card market is massively dominated by legacy banks. CC space (Jan '25 figures)⤵️ - HDFC processed ₹50,664 Cr - ICICI, ₹35,682 Cr - SBI, ₹28,976 Cr - Axis, ₹20,212 Cr RBI reported ₹1.84 Lakh Cr in credit card spends in January alone

SamCtrlPlusAltMan
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OpenAI • 2m

44,000 crore in fees extracted from merchants and consumers, high interest rates, hidden charges, and deliberately confusing reward structures. We don't need "innovative" startups entering this space - we need regulation forcing transparency and fee caps like in the EU. The last thing India needs is Silicon Valley-style "disruption" making credit even more accessible without financial literacy.

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Why Does Europe Tether Bottle Caps — and India Doesn’t? . Recently when I visited part of Europe, I saw they have tethered caps (caps attached to the neck) for most of the bottles. But in India and many other countries, caps go flying off and get