Page 2 - Card Transactions
Demonetisation impact: 'Card transactions soar 84% in Sept to Rs 74,090 cr'
The debit and credit card transactions have jumped to Rs 74,090 crore in September this year, up a hefty 84 per cent as compared to the same month last year when it stood at Rs 40,130 crore, thanks to the government push for non-cash payments, says a study. The transaction volume at all points of sale (POSes) clipped higher by 86 per cent to 378 million in September this year over the same period last year when it stood at 203 million, European payment solutions provider Worldline said in a weekend report quoting the Reserve Bank data. In September 2016 the number stood at 203 million, it added. "With demonetisation, people were pushed to use non- cash modes of payment for everyday expenses. Even after the cash is back to the pre-demonetisation levels, there is a visible growth in card transactions," Deepak Chandnani, chief executive of Worldline South Asia & Middle East, told PTI. The push to increase cards usage started with the Prime Minister Jan Dhan Yojana ...
 "Demonetisation impact: 'Card transactions soar 84% in Sept to Rs 74,090 cr'")
Debit card breach: Hitachi owns up to systems being compromised in mid-2016
3.2 million cards had been affected by the breach, causing a scare over security of card-based transactions
 "Debit card breach: Hitachi owns up to systems being compromised in mid-2016")
Govt panel to suggest ways to step up card transactions
The 11-member high-level panel has been tasked with reviewing the payment system in the country and suggest measures
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