Usage of credit cards have again taken a rise as is evident from the rise in transactions reported last fiscal. Transactions via credit cards have risen by 22.15% in the fiscal last ended, figuring to Rs 75,515.68 crore.
The number of cards in circulation has however seen a dip by about 1.5% amounting to 1.80 crore by the end of last fiscal as against 1.83 crore.
Transactions by debit cards have risen by 46.46% to Rs 38,691.88 crore as against Rs 26,418.11 crore in 2009-10.
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