Published 2 years ago

Credit and debit card spending rises in May

Summary by Ground News

credit card users in India spend 40 times more than debit card users online. This is despite the fact that there are only 8 credit cards for every 100 debit cards issued by Indian banks. Overall, Indians spent �93,000 crore on online purchases using credit and debit cards. IndusInd Bank has the most valuable credit cardholders.

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Credit and debit card spending rises in May

The total amount spent on debit and credit cards as well as ATM withdrawals increased by 12% in May compared to April, new Central Bank figures show.

2 years ago·Ireland

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Business Insider India

Indian credit card users spend 40x more than debit card users online

Credit cards are still used by a tiny minority of users in India, but their spending habits reveal just how happy people are spending money they don’t have to buy things online. Spending someone else’s money to buy things online is so much easier now thanks to credit cards, and it has caught the fancy of Indians.

2 years ago·India

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nextbigwhat

Indian credit card users spend 40x more than debit card users online

On the whole, credit card spends on online purchases and ecommerce transactions stood at nearly ₹72,000 crore during May, while debit card purchases stood at a distant ₹21,000 crore (excluding…

2 years ago

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Credit and debit card spending rises in May

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Credit and debit card spending rises in May

Credit and debit card spending rises in May

Indian credit card users spend 40x more than debit card users online

Indian credit card users spend 40x more than debit card users online

Indian credit card users spend 40x more than debit card users online

Indian credit card users spend 40x more than debit card users online

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Bias Distribution

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