Credit card use at PoS higher than at e-com sites in July-Sept: Report

Attributes trend to value-added services such as EMI and BNPL which are allowing consumers to use cards for big-ticket transactions, as opposed to small-ticket earlier

Defying the general trend, credit card transactions at point-of-sale (PoS) machines remained marginally above those on e-commerce platforms in the July-September period, said Worldline’s 'India Digital Payments Report’.

According to the report, the number of credit card swipes at PoS stood at 386.83 million while e-commerce transactions were 338.80 million. In terms of value, consumers transacted Rs 1.31 trillion at PoS and Rs 2.18 trillion online.

Interestingly, despite the general trend of transactions moving from physical to digital, credit card volumes at PoS and e-commerce remain nearly equal in Q3 of calendar 2022, the report said.

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