Current Affairs - Banking - Discussion

Discussion :: Banking - Latest Current Affairs (Q.No.273)


By what percent, the usage of debit card swipes on Point of Sales (PoS) terminals rise in March 2019, as per the Reserve Bank of India(RBI) data?

[A]. 18%
[B]. 32%
[C]. 27%
[D]. 22%

Answer: Option C


In accordance with the Reserve Bank of India (RBI) data, debit card swipes on Point of Sales (PoS) terminals have been increased over 27% in March 2019 in comparison to the same period of 2018. While, withdrawals from ATM hiked at a low rate of 15%. Debit card payments for merchant transactions have gone up more than 250% between March 2019 and 2016.The usage of Credit cards for PoS transactions mounted 22% versus 2018, as there were 162 million PoS transactions in March 2019 against 127 million in March 2018.

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