alexa
Indianmoney.com Missed Call Number
 
Home News Debit cards preferred over credit cards, account for 60% of card spend

Read more interesting news from around the globe with Indianmoney App

Google Play
 
Get the Best Financial Advice on Savings Bank AccountClick Here
 
 
Debit cards preferred over credit cards, account for 60% of card spend

Debit cards preferred over credit cards, account for 60% of card spend

Monday, March 27, 2017, 9:09 AM

Debit cards have conclusively displaced credit cards as the primary mode of payment in the country following demonetisation. Until October last year, despite outnumbering credit cards by a factor of more than 25, debit cards accounted for only 42% of the total card spend. This has jumped to 60% after demonetisation, which was announced on November 8, 2016.
Read More

Learn to Save, Spend, Invest & Borrow Wisely with our Youtube Channel

Get It now!