60% fall in merchant point transactions in April: Survey
There was a dip in the month-on-month transactions volume and value at merchant touch points in April 2020 due to the extended lockdown in the country. Here are some few more trends in card and digital transactions, as per the Worldline India report.
5.1 MILLION POS terminals in the country as of March 2020. Private sector banks represent about 69% POS terminal market, while public sector banks make up for 27%.
60% Dip in month-on-month transactions volume and value at merchant touch points in April 2020 due to the extended lockdown.
Top 5 states with highest digital transactions in Q1
Maharashtra
Karnataka
Tamil Nadu
Delhi
Andhra Pradesh
Top 5 cities with highest digital transactions in Q1
Bengaluru
Chennai
Mumbai
Pune
Hyderabad
57.7 MILLION Number of credit cards as of March 2020, an increase of 24% compared with Q1 2019. The debit cards stood at 828.5 million, a fall of 11%.
