The number of Credit Cards Increased by 14% YoY in April 2023 In Bangladesh1 min read

Credit card popularity is slowly rising as issuance of credit cards saw another YoY double-digit growth. The number of issued credit cards as of April 2023 was 2.2 million which was 1.62 times higher than April 2019.

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The number of transactions using credit cards also increased over the years. The number of transactions as of April 2023 was 4.3 million which was a 4% YoY increase and, increased by 5.6% compared to March 2023. 

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The amount of transactions increased nominally compared to the same period last year. Tk 27,463.7 million was transacted using credit cards in April 2023 which was an increase of 1% YoY. The amount of transactions increased by 3.5% compared to March 2023.

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Read more: Debit Card Transactions In Bangladesh increased by 32% YoY in April 2023

The Average amount per transaction was Tk 6,420.7 which was 3.2% lower compared to April 2022. 

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