As the adoption of digital payments and wallets grew significantly, credit card users spent more than Rs 39,000 crore on wallets and digital payments, including Rs 7,850 crore on travel alone in 2021, a new report revealed on Friday.
Expenditure on food and utility bills remained consistent during all months while food and beverages saw high spending after the lockdown restrictions were eased from July to October, according to data provided by credit card bill management platform CRED.
