Digital payments made through credit cards have gained significant popularity

Per GlobalData, the digital payments market is expected to grow at a CAGR of 14.3% by 2030. Governments globally have been advocating and endorsing digital payments for several reasons, such as improving financial inclusion, minimizing cash usage, enhancing transparency, and promoting economic progress. Credit cards are steadily gaining popularity as they provide numerous advantages for digital payments, such as convenience, security, and the ability to earn reward points or cashback on purchases.