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UPI now preferred for micro-transactions
The average ticket size i.e. the average amount paid per UPI transaction has also come down from Rs 885 in January 2022 to Rs 653 in June, 2023
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Credit card spendings hit a new high in July
Debit card usage witnessed a steady decline, with the total value of online transactions via debit cards being a mere Rs 19,539 crores for July, 2023.
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FAQs on auto-debit facility rules from October 1
Here are some of the frequently asked questions relating to changes in auto-debit facility from October 1, 2021.
