[Infograph] : India Witnesses Unprecedented Spike in Credit & Debit Cards Usage After Demonetization

After demonetization, there is a significant rise in the use of plastic money in India. The concept of paying by cash has become almost standstill and a majority finds it more convenient to carry a single card to make any payment rather than carrying notes. Plastic money includes credit cards, debit cards, prepaid balance cards and smart cards that can be used for any kind of payment. In retail stores, the sale for various products declined. Patanjali spokesperson SK Tijariwala said the brand saw a drop of 1020% in sales in the first week after demonetization.

Demonetization also showed considerable impact on online shopping in India. The usage of COD decreased considerably. People started favoring online payments using credit/debit cards and wallets. Check out the infographic coined by CouponRani.com which throws light on the rise in use of credit card and debit card usage post-demonetization.

india-witnesses-a-huge-spike-in-credit-debit-cards-usage-after-demonetization-ebusiness-india-couponrani

Join our conversations at – TwitterFacebookLinkedIn 

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s