Credit card transactions jump 24.1% in July; average spend falls 13.5%
Credit card users in India increased activity in July: credit card transactions rose 24.1% year-on-year to 601 million. Average spend per transaction dropped 13.5% to Rs.3,460.
New Delhi, Sept.
1 -- Credit card users are swiping their cards more frequently than they did a year ago, but each transaction is fetching a smaller amount of spending.
The number of credit card transactions climbed 24.1% year-on-year to 601 million in July this year.
Overall spending through credi…