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Debit card payment volumes on the rise in India

Monday 19 October 2009 09:13 CET | News

Debit card payment volumes rose by 40 percent in India in the five-month interval between April and August 2009, online news outlet business-standard.com reports.

Thus, in the interval under review, debit card payments totalled USD 2.14 billion, compared to USD 1.51 billion in the same period of the previous year. According to the same source, the rise in the debit card payments volume s indicative of an increase in India’s economic activity. Credit card trensactions, however, registered a 12 percent decline during the same five-month interval.


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Keywords: India, debit card payments, credit card payments
Categories: Payments & Commerce
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Countries: World
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