wordpress blog stats
Connect with us

Hi, what are you looking for?

India had 48.9M credit cards, 824.9 debit cards in May 2019

In May 2019, the number of debit cards sharply declined to 824.93 million, a reduction of 59.8 million existing cardholders. At the same time, a total of 48.9 million credit cards were in operation, with the addition of 0.92 million cards, according to the Reserve Bank of India. Between May 2018 and May 2019, India added some 10.3 million credit cards and lost over 100 million debit cards. Card usage spiked during the months following demonetization, when the unavailability of cash forced people to use cards. Since then, both debit card and credit card usage has been increasing, and at times, range-bound, but we really aren’t seeing spikes in usage. The number of transactions using credit cards at POS terminals or swipe machines grew by 25.8% year-on-year, while it increased by 15.8% for debit cards for the 12 month period…

Please subscribe/login to read the full story.
Written By

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.

Views

News

Studying the 'community' supporting the late Sushant Singh Rajput (SSR) shows how Twitter was gamed through organized engagement

News

Do we have an enabling system for the National Data Governance Framework Policy (NDGFP) aiming to create a repository of non-personal data?

News

A viewpoint on why the regulation of cryptocurrencies and crypto exchnages under 2019's E-Commerce Rules puts it in a 'grey area'

News

India's IT Rules mandate a GAC to address user 'grievances' , but is re-instatement of content removed by a platform a power it should...

News

There is a need for reconceptualizing personal, non-personal data and the concept of privacy itself for regulators to effectively protect data

You May Also Like

News

Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...

Advert

135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...

News

Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...

News

By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to our daily newsletter
Name:*
Your email address:*
*
Please enter all required fields Click to hide
Correct invalid entries Click to hide

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ