After demonetization, there is a significant rise in the use of
plastic money in India. The concept of paying by cash has become almost
standstill and a majority finds it more convenient to carry a single card to
make any payment rather than carrying notes. Plastic money includes credit
cards, debit cards, prepaid balance cards and smart cards that can be used for
any kind of payment. In retail stores, the sale for various products declined.
plastic money in India. The concept of paying by cash has become almost
standstill and a majority finds it more convenient to carry a single card to
make any payment rather than carrying notes. Plastic money includes credit
cards, debit cards, prepaid balance cards and smart cards that can be used for
any kind of payment. In retail stores, the sale for various products declined.
Demonetization also showed considerable impact on online shopping
in India. The usage of COD decreased considerably. People started favoring
online payments using credit/debit cards and wallets. Check out the infographic
coined by CouponRani.com which throws light
on the rise in use of credit card and debit card usage post-demonetization.
in India. The usage of COD decreased considerably. People started favoring
online payments using credit/debit cards and wallets. Check out the infographic
coined by CouponRani.com which throws light
on the rise in use of credit card and debit card usage post-demonetization.
