Apart from a surge in cardholders, the data revealed that transaction amounts across several Point of Sale terminals also increased over the past few months. In May 2021, the number of debit cards stood at 902.3 million and rose to 1.5 million debit cards over April 2021. A total of 62.4 million credit cards were in operation, which increased to 133,014 cardholders over April 2021, according to data from the Reserve Bank of India. Between June 2020 and May 2021, India added around 5.2 million credit cards and over 67 million debit cards. The number of transactions done using credit cards at PoS terminals (or swipe machines) grew by 30.8% year-over-year (YoY). This number decreased by 1.4% YoY for debit cards in May 2021. The total number of Point of Sale (PoS) transactions done via credit cards was 134.9 million,…
- Apple removes Russia’s largest social media network VK from App Store September 29, 2022
- RIL Drops JioMarket Plans for Now Amidst Delays in India’s E-Commerce Policy September 29, 2022
- Samsung working to get a closer look at your face for facial authentication on smartphones September 29, 2022
- Non-Personal Data Regulator Will Be Designed Following Consultation and Roundtables, Says MeitY September 28, 2022
- Tamil Nadu Passes Ordinance To Ban Online ‘Gambling’ Games Despite HC Striking Down Previous Ban September 28, 2022
MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.
The Structure and Style of a Dogma Community: Conspiracy theories and organized Twitter engagement on Sushant Singh Rajput
Studying the 'community' supporting the late Sushant Singh Rajput (SSR) shows how Twitter was gamed through organized engagement
Do we have an enabling system for the National Data Governance Framework Policy (NDGFP) aiming to create a repository of non-personal data?
A viewpoint on why the regulation of cryptocurrencies and crypto exchnages under 2019's E-Commerce Rules puts it in a 'grey area'
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...
Why ‘group privacy’ should be recognised, and how ‘non-personal’ data becomes a regulatory blindspot
There is a need for reconceptualizing personal, non-personal data and the concept of privacy itself for regulators to effectively protect data
Please subscribe to MediaNama. Don't share prints and PDFs.
You May Also Like
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...
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...
Twitter takes down tweets from MP, MLA, editor criticising handling of pandemic upon government request
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...