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Card transactions decline 67% post-lockdown: report

Jun 30, 2020 13:55 IST

Card spending declined significantly during the first month of lockdown. The total value of credit and debit card transactions decelerated from ₹1.51 lakh crore in January 2020 to merely around ₹50,000 crore in April, according to a SBI report. Per card transaction has fallen from as high as ₹12,000 to ₹3,600 in case of credit cards and ₹1,000 to ₹350 in the case of debit cards.

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