Offers
Rates
V-KYC
Debit Card Related
Credit Card Related
SA Welcome Kit 
Manage Mandate(s)
Get Mini Statement
categories
Bloggers
Blog collection
Press Release
The Future Of Credit Cards – Trends And Innovations To Watch
Posted on Tuesday, August 29th, 2023 | By IndusInd Bank
Credit cards have become an indispensable part of our lives, offering convenience, security, and rewards. But as technology evolves, so do the needs and preferences of consumers. So, what are some of the trends and innovations that will shape the future of credit cards? Here are some of the key developments to watch out for in the coming years.
Contactless payments go mainstream
One of the most noticeable changes in the credit card industry is the rise of contactless payments. Contactless payments allow users to tap their cards or mobile devices on a terminal, without having to insert or swipe their cards or enter a PIN. This makes transactions faster, easier, and more hygienic.
Contactless payments are also becoming more widely accepted by merchants, as more terminals are equipped with near-field communication (NFC) technology. Moreover, contactless payments are also supported by various digital wallets, such as Apple Pay, Google Pay, Samsung Pay etc.
Virtual credit card payments grow
Another trend that is gaining traction in the credit card industry is the use of virtual credit cards. Virtual credit cards are temporary, randomly generated card numbers that can be used for online purchases, without exposing the actual card details. This adds an extra layer of security and privacy for online shoppers, as they can avoid fraud and identity theft.
Virtual credit cards can also help users manage their spending and subscriptions, as they can set limits and expiry dates for each virtual card. Some virtual credit card providers also offer cashback and rewards for using their service.
A new type of security is being tested in which the card uses biometrics that are embedded on it to authorise transactions without requiring PINs. A simple touch to verify your fingerprints to approve a transaction is also being tested on. There are a lot more exciting trends to follow in the credit card industry in the near future.
IndusInd Bank Nexxt Credit Card – India’s First Interactive Credit Card
As you can see, the credit card industry is undergoing rapid and exciting changes, as new technologies and innovations emerge to meet the changing needs and expectations of consumers. If you are looking for a credit card that offers you the latest features and benefits, you should consider the IndusInd Bank Nexxt Credit Card.
The IndusInd Bank Nexxt Credit Card is India’s first interactive credit card, which gives you the freedom to pay the way you want, by giving you payment options like EMI, Rewards, and Credit, at the push of a button. You can choose the payment option that suits your needs and preferences, with just a push of button and the corresponding LED light will indicate your choice.
The IndusInd Bank Nexxt Credit Card also offers you a range of benefits, such as:
- 1 reward point for every ₹150 spent
- Two complimentary movie tickets each month on BookMyShow
- 1% fuel surcharge waivered off at any petrol pump across India
- The interest rate for EMI option is 12% per annum and one can choose between EMI tenures of 6, 12, 18 & 24 months.
- Access to various offers and discounts on dining, shopping, travel and entertainment
The IndusInd Bank Nexxt Credit Card is a truly innovative and trendy credit card that lets you enjoy the best of both worlds – convenience and flexibility. If you want to experience the future of credit cards today, apply for the IndusInd Bank Nexxt Credit Card now!
Disclaimer: The information provided in this article is generic in nature and for informational purposes only. It is not a substitute for specific advice in your own circumstances. Hence, you are advised to consult your financial advisor before making any financial decision. IndusInd Bank Limited (IBL) does not influence the views of the author in any way. IBL and the author shall not be responsible for any direct/indirect loss or liability incurred by the reader for taking any financial decisions based on the contents and information.
