India's banking requlator RBI (Reserve Bank of India) in a survey, has found that women use their debit cards less frequently. They use credit cards for shopping to avail themselves of the 45-day credit period.
The use of cards for shopping was more among the youth; the use of debit cards for shopping was the highest in Maharashtra & Andhra Pradesh.
The total number of debit and credit cards outstanding as on September end 2011 was about 25 crore and 1.76 crore respectively.
Further, debit cards were mainly used for withdrawing cash or shopping purposes and the use of these cards for bills payment/bus/train ticket purchase was still low.
Total number of ATMs in the country is about 60,000.
The use of cards for shopping was more among the youth; the use of debit cards for shopping was the highest in Maharashtra & Andhra Pradesh.
The total number of debit and credit cards outstanding as on September end 2011 was about 25 crore and 1.76 crore respectively.
Further, debit cards were mainly used for withdrawing cash or shopping purposes and the use of these cards for bills payment/bus/train ticket purchase was still low.
Total number of ATMs in the country is about 60,000.
No comments:
Post a Comment