This is a portal devoted for the identification and discussion of contemporary banking and economic issues of concern and the ways of addressing them. This is for exchange of ideas and further learning. The author has published 1249 English articles and 2289 Kannada articles during last 45 years till today ,the 21st August 2008.He was first to recommend statewise and sponsorbankwise merger of RRBs in his article ''RRBs on the Horns of a Dilemma''in Fortune India July16-31,1993.
Friday, May 1, 2009
Inactive Cards
According to a recent study by Edgar Dunn and Company [EDC]and India Cards Council [IOC]only 26 percent of the debit cards are actively used in India at point of sale.Such active usage of debit cards is 86 percent in USA.About 50 percent of debit and credit cards are inactive in India.There is very low level of debit card usage at points of sale in India when compared to other countries.Even in Australia 45 percent of the debit cards are actively used at the points of sale.In India credit cards are also not very actively used.Only 56 percent of the credit cards are active cards in India as against 80 percent in Australia,and 75 percent in Singapore.Also it was found that debit cards in India are used mostly for ATM operations and ATM withdrawals.
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