India’s debit card transactions fall but credit card spends rise further
Debit card transactions in H1 2023 (January to June) fell to 1.379 billion, marking a sharp 28% decrease from H1 2022. Credit card transactions at PoS terminals recorded a 30.5% growth white debit card transactions fell 11.9%. The volume of UPI transactions doubled from 4.6 billion transactions for this period in 2022. A look at…