Plastic Money: Debit cards catching up on cash
Moneylife Digital Team 15 March 2012

Bank customers in India are growing more comfortable with using their debit cards for purchases, according to Visa’s latest Global Payment Tracking Survey 2011. Debit card penetration in India is at 53%, a 4% rise over that in the previous year. This increase can be attributed to Indians’ growing comfort with debit card usage. Over 68% of respondents said that they feel safe; another 51% derive a...

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