Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 150
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::index() - APP/Controller/ArtileDetailController.php, line 150
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 151
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::index() - APP/Controller/ArtileDetailController.php, line 151
Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 97
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Warning (512): Unable to emit headers. Headers sent in file=/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php line=853 [CORE/src/Http/ResponseEmitter.php, line 48]
Code Context
            if (Configure::read('debug')) {

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The study further said digital payment companies have seen a substantial jump in business following the government's push towards cashless transactions after the note-ban last November, and the major contributor to this growth was online payments. 

Mumbai: The debit and..."/>
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The study further said digital payment companies have seen a substantial jump in business following the government's push towards cashless transactions after the note-ban last November, and the major contributor to this growth was online payments. 

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                            <div align="justify">-PTI<br /><br /><em>The study further said digital payment companies have seen a substantial jump in business following the government's push towards cashless transactions after the note-ban last November, and the major contributor to this growth was online payments. <br /></em><br /><em>Mumbai: </em>The debit and credit card transactions have jumped to Rs 74,090 crore in September this year, up a hefty 84 per cent as compared to the same month last year when it stood at Rs 40,130 crore, thanks to the government push for non-cash payments, says a study. The transaction volume at all points of sale (POSes) clipped higher by 86 per cent to 378 million in September this year over the same period last year when it stood at 203 million, European payment solutions provider Worldline said in a weekend report quoting the Reserve Bank data.<br /><br />In September 2016 the number stood at 203 million, it added.<br /><br />&ldquo;With demonetisation, people were pushed to use non-cash modes of payment for everyday expenses. Even after the cash is back to the pre-demonetisation levels, there is a visible growth in card transactions,&rdquo; Deepak Chandnani, chief executive of Worldline South Asia &amp; Middle East, told PTI.<br /><br />The push to increase cards usage started with the Prime Minister Jan Dhan Yojana (PMJDY) in August 2014, the survey said.<br /><br />Total number of cards as of September 2017 stood at 853 million. Of this, 33.3 million were credit cards and 819.8 million were debit cards.<br /><br />There was a marked spurt, especially for debit cards, which shot by 39 per cent in 2015 because of the new Jan Dhan accounts. Post-demonetisation, growth has been averaging at 22 per cent, the survey added.<br /><br />The growth of credit cards from 2016 to 2017 has been 24 per cent, higher than the average growth but consistent with the trend of the past few years, the study said.<br /><br />Between 2011 and 2016, credit cards have seen a steady 9 per cent increase.<br /><br />The study further said digital payment companies have seen a substantial jump in business following the government&rsquo;s push towards cashless transactions after the note-ban last November, and the major contributor to this growth was online payments.<br /><br />Please <a href="http://indianexpress.com/article/business/banking-and-finance/rbi-jan-dhan-demonetisation-note-ban-card-transactions-soar-84-in-sep-2017-to-rs-74090-crore-says-report-4944327/" title="http://indianexpress.com/article/business/banking-and-finance/rbi-jan-dhan-demonetisation-note-ban-card-transactions-soar-84-in-sep-2017-to-rs-74090-crore-says-report-4944327/">click here</a> to read more. <br /></div>                                                           
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                            <div align="justify">-PTI<br /><br /><em>The study further said digital payment companies have seen a substantial jump in business following the government's push towards cashless transactions after the note-ban last November, and the major contributor to this growth was online payments. <br /></em><br /><em>Mumbai: </em>The debit and credit card transactions have jumped to Rs 74,090 crore in September this year, up a hefty 84 per cent as compared to the same month last year when it stood at Rs 40,130 crore, thanks to the government push for non-cash payments, says a study. The transaction volume at all points of sale (POSes) clipped higher by 86 per cent to 378 million in September this year over the same period last year when it stood at 203 million, European payment solutions provider Worldline said in a weekend report quoting the Reserve Bank data.<br /><br />In September 2016 the number stood at 203 million, it added.<br /><br />&ldquo;With demonetisation, people were pushed to use non-cash modes of payment for everyday expenses. Even after the cash is back to the pre-demonetisation levels, there is a visible growth in card transactions,&rdquo; Deepak Chandnani, chief executive of Worldline South Asia &amp; Middle East, told PTI.<br /><br />The push to increase cards usage started with the Prime Minister Jan Dhan Yojana (PMJDY) in August 2014, the survey said.<br /><br />Total number of cards as of September 2017 stood at 853 million. Of this, 33.3 million were credit cards and 819.8 million were debit cards.<br /><br />There was a marked spurt, especially for debit cards, which shot by 39 per cent in 2015 because of the new Jan Dhan accounts. Post-demonetisation, growth has been averaging at 22 per cent, the survey added.<br /><br />The growth of credit cards from 2016 to 2017 has been 24 per cent, higher than the average growth but consistent with the trend of the past few years, the study said.<br /><br />Between 2011 and 2016, credit cards have seen a steady 9 per cent increase.<br /><br />The study further said digital payment companies have seen a substantial jump in business following the government&rsquo;s push towards cashless transactions after the note-ban last November, and the major contributor to this growth was online payments.<br /><br />Please <a href="http://indianexpress.com/article/business/banking-and-finance/rbi-jan-dhan-demonetisation-note-ban-card-transactions-soar-84-in-sep-2017-to-rs-74090-crore-says-report-4944327/" title="http://indianexpress.com/article/business/banking-and-finance/rbi-jan-dhan-demonetisation-note-ban-card-transactions-soar-84-in-sep-2017-to-rs-74090-crore-says-report-4944327/">click here</a> to read more. <br /></div>                                                           
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                            <div align="justify">-PTI<br /><br /><em>The study further said digital payment companies have seen a substantial jump in business following the government's push towards cashless transactions after the note-ban last November, and the major contributor to this growth was online payments. <br /></em><br /><em>Mumbai: </em>The debit and credit card transactions have jumped to Rs 74,090 crore in September this year, up a hefty 84 per cent as compared to the same month last year when it stood at Rs 40,130 crore, thanks to the government push for non-cash payments, says a study. The transaction volume at all points of sale (POSes) clipped higher by 86 per cent to 378 million in September this year over the same period last year when it stood at 203 million, European payment solutions provider Worldline said in a weekend report quoting the Reserve Bank data.<br /><br />In September 2016 the number stood at 203 million, it added.<br /><br />&ldquo;With demonetisation, people were pushed to use non-cash modes of payment for everyday expenses. Even after the cash is back to the pre-demonetisation levels, there is a visible growth in card transactions,&rdquo; Deepak Chandnani, chief executive of Worldline South Asia &amp; Middle East, told PTI.<br /><br />The push to increase cards usage started with the Prime Minister Jan Dhan Yojana (PMJDY) in August 2014, the survey said.<br /><br />Total number of cards as of September 2017 stood at 853 million. Of this, 33.3 million were credit cards and 819.8 million were debit cards.<br /><br />There was a marked spurt, especially for debit cards, which shot by 39 per cent in 2015 because of the new Jan Dhan accounts. Post-demonetisation, growth has been averaging at 22 per cent, the survey added.<br /><br />The growth of credit cards from 2016 to 2017 has been 24 per cent, higher than the average growth but consistent with the trend of the past few years, the study said.<br /><br />Between 2011 and 2016, credit cards have seen a steady 9 per cent increase.<br /><br />The study further said digital payment companies have seen a substantial jump in business following the government&rsquo;s push towards cashless transactions after the note-ban last November, and the major contributor to this growth was online payments.<br /><br />Please <a href="http://indianexpress.com/article/business/banking-and-finance/rbi-jan-dhan-demonetisation-note-ban-card-transactions-soar-84-in-sep-2017-to-rs-74090-crore-says-report-4944327/" title="http://indianexpress.com/article/business/banking-and-finance/rbi-jan-dhan-demonetisation-note-ban-card-transactions-soar-84-in-sep-2017-to-rs-74090-crore-says-report-4944327/">click here</a> to read more. <br /></div>                                                           
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Home हिन्दी

Card transactions soar 84% in September 2017 to Rs 74,090 crore, says report

Published on Nov 19, 2017   Modified on Nov 19, 2017

-PTI The study further said digital payment companies have seen a substantial jump in business following the government's push towards cashless transactions after the note-ban last November, and the major contributor to this growth was online payments. Mumbai: The debit and credit card transactions have jumped to Rs 74,090 crore in September this year, up a hefty 84 per cent as compared to the same month last year when it stood at Rs 40,130 crore, thanks to the government push for non-cash payments, says a study. The transaction volume at all points of sale (POSes) clipped higher by 86 per cent to 378 million in September this year over the same period last year when it stood at 203 million, European payment solutions provider Worldline said in a weekend report quoting the Reserve Bank data. In September 2016 the number stood at 203 million, it added. “With demonetisation, people were pushed to use non-cash modes of payment for everyday expenses. Even after the cash is back to the pre-demonetisation levels, there is a visible growth in card transactions,” Deepak Chandnani, chief executive of Worldline South Asia & Middle East, told PTI. The push to increase cards usage started with the Prime Minister Jan Dhan Yojana (PMJDY) in August 2014, the survey said. Total number of cards as of September 2017 stood at 853 million. Of this, 33.3 million were credit cards and 819.8 million were debit cards. There was a marked spurt, especially for debit cards, which shot by 39 per cent in 2015 because of the new Jan Dhan accounts. Post-demonetisation, growth has been averaging at 22 per cent, the survey added. The growth of credit cards from 2016 to 2017 has been 24 per cent, higher than the average growth but consistent with the trend of the past few years, the study said. Between 2011 and 2016, credit cards have seen a steady 9 per cent increase. The study further said digital payment companies have seen a substantial jump in business following the government’s push towards cashless transactions after the note-ban last November, and the major contributor to this growth was online payments. Please click here to read more.

The Indian Express, 19 November, 2017, http://indianexpress.com/article/business/banking-and-finance/rbi-jan-dhan-demonetisation-note-ban-card-transactions-soar-84-in-sep-2017-to-rs-74090-crore-says-r

Tagged with: Point-of-sale (POS) device Point-of-Sale (POS) machines Debit Cards Credit Cards Cashless Economy Cashless Transactions Online transactions Pradhan Mantri Jan Dhan Yojana Jan Dhan Yojana Reserve Bank of India RBI

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