Tag Archives: Debit card usage at merchant outlets less than 5 per cent

Debit card usage at merchant outlets less than 5 per cent

Transactions through debit cards at merchant outlets are less than five per cent. Customers freely use credit cards, but not debit ones. The range of uses of the debit card has not yet been understood in India. “Debit card usage has mostly been confined to withdrawing money from ATMs,” says Uttam Nayak , Country Head (India & South Asia), VISA. ... Read More »