Demonetisation: Debit cards surpass credit cards as primary mode of payment
Monday, March 27, 2017 IST
Demonetisation: Debit cards surpass credit cards as primary mode of payment
New Delhi: Following the withdrawal of Rs 500 and Rs 1,000 banknotes, the utilization of debit cards at dealer foundations have seen a decent surge, surpassing credit cards as essential method of payment, according to a news paper report.
A report in the Times of India said that the use of charge card has hopped to 60 percent after demonetisation.
Use of debit cards issued by little public sector lenders like Oriental Bank of Commerce and Punjab and Sind Bank, has gone up about five circumstances, the TOI announced.
Post demonetisation, many banks have said that the downloads of the banks' Unified Payments Interface, which encourages shared payments on the mobile phones has additionally seen an expansion.
According to the TOI report, open segment banks revealed check card exchanges esteemed at Rs 29,339 crore this year against Rs 19,664 crore worth exchanges recorded by charge cardholders of private banks.
Related Topics
Related News & Articles
The Rashtriya Swayamsevak Sangh (RSS) and a few BJP officials from Uttar Pradesh host cautioned the gathering authority of developing open discontent over the inten...
Recently posted . 506 views . 33 min read
Banks are probably going to witness a frail second from last quarter because of curbed interest for home, vehicle and buyer advances, conveying advance development ...
Recently posted . 667 views . 29 min read
New Delhi: Dismissing worries of log jam because of demonetisation, Finance Minister Arun Jaitley on Monday said that the circuitous and direct exp...
Recently posted . 520 views . 22 min read
Slamming the Narendra Modi government over sliding economic growth and increasing job losses, former Union minister Arun Shourie has likened demonetisation with sui...
Recently posted . 697 views . 14 min read
While the government plans to celebrate the first anniversary of demonetisation as the ‘anti-black money day’, the Opposition has planned protests, sa...
Recently posted . 529 views . 2 min read
Trending News & Articles
While the Uttarakhand High Court has asked to block 857 websites, the Ministry of Electronics and IT (Meity) found 30 portals without any pornographic content.
...
Recently posted . 61K views . 1 min read
The four boys as well as five school officials, including the director and principal, were arrested after the incident. The minors were presented before the Juvenil...
Recently posted . 8K views . 1 min read
Rahul was having an Italian passport and was carrying suitcase full of dollars. Some say it was about was it $2 million.
Rahul and his girl friend was th...
Recently posted . 7K views . 7 min read
True – Tr...
Recently posted . 6K views . 83 min read
More in National
SpiceJet is set to introduce daily direct flights on the Chennai-Mangaluru-Chennai sector starting June 16, 2018.
Recently posted. 605 views . 0 min read
Budget 2019-20: Presently, taxpayers whose taxable income is up to Rs 500,000 are not liable to pay tax due to the rebate of Rs 12,500 available to them.
Recently posted. 488 views . 1 min read
Anger and fear continue to swell in the desperately poor village hit hard by the epidemic, which authorities say could be linked to either gross negligence or malic...
Recently posted. 418 views . 1 min read
Recently posted . 469 views
Recently posted . 706 views
Recently posted . 1K views
Recently posted . 1K views
Recently posted . 1K views . 34 min read
Recently posted . 1K views . 52 min read
What do security guards feel about the Prime Minister’s #MainBhiChowkidar campaign?
Recently posted. 1K views . 0 min read
A Jet Airways Mumbai-New Delhi flight was diverted to Ahmedabad shortly after some “security issues” were detected onboard early on Monday, a statement ...
Recently posted. 1K views . 4 min read