Debit cards usage has surged 2.5 times, thanks to cash crunch
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Before the
Out of the 30 crore RuPay cardholders, 29 crore have never used their card in point of sales (PoS), or card swipe, machines.
Post Narendra Modi’s demonetisation, use of RuPay
The government announced that until December end, all public sector banks and some private banks have waived the merchant discount rate on debit cards and also asked banks to install more PoS terminals.
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