Current Affairs - Banking - Discussion

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.