Value of card transactions at PoS falls for 2nd month in row

The value of transactions through debit and credit cards used at the PoS fell to Rs 64,200 cr in Feb

The falling trend in the value of card transactions at point-of-sale (PoS) terminals continued for the second month in February.

The value of transactions through the debit card and credit card used at the PoS fell to Rs 64,200 crore in February against Rs 81,712 crore in January, according to the Reserve Bank of India (RBI) data.

The value of such transactions had peaked to Rs 89,180 crore in December. It was a sharp jump from the Rs 58,734 crore in November, a month in which demonetisation came into effect.

The share of the debit card fell to 55.76 per cent in February