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Home News Debit, credit card POS deals rises to INR 40,160 crores in December

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Debit, credit card POS deals rises to INR 40,160 crores in December

Debit, credit card POS deals rises to INR 40,160 crores in December

Friday, January 6, 2017, 6:36 PM

After the Government scrapped old 500 and 1000 rupee notes on November 8th 2016, card transactions have steadily increased. Transactions via credit and debit cards at point-of-sale (PoS) terminals, rose to INR 40,160. 43 crores in December from INR 35,240 crores in November for four banks. There are an estimated 15 lakh PoS machines in the country today.
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