fintech / news / / Livemint
Scapia’s fundraise comes as Gen Z and millennial consumers in India increasingly allocate more spending toward travel.
One in three Indian consumers spend over 20% of their income on travel.
KEY POINTS
- India's Gen Z travel spending is projected to reach $102 billion by 2030, up from $32 billion.
- 50% of India's new credit cards are issued to Gen Z and millennials.
- Scapia plans to offer temporary loans to customers who exhaust their card limits for travel needs.
COMPANIES
Summarized by Newsio from Livemint. How we summarize →