Number of debit cards in India down by 15%
December 23, 2019 2019-12-24 17:24Number of debit cards in India down by 15%
Number of debit cards in India down by 15%
The number of debit cards in India is down by 15% from 998 million cards , as on Nov 3, 2018 to 843 million, as of October 2019.
Reason? As per bankers, nearly 155 million cards went out of the market because of the EMV migration from magnetic-strip to chip-based cards, weeded out dormant accounts and inactive cards.
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