Online credit card payments' share rises to 65% on e-sales

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Times of India 3h ago

Online credit card payments' share rises to 65% on e-sales - Times of India

Quick Summary:

India Business News: MUMBAI: Online spends through credit cards have continued to surge driven by e-commerce discounts.

While the value of online transactions has surpassed in-store payments for some time, volume of online transactions still lags physical transactions.

Around 80% of users utilised credit card offers on e-commerce platforms, with 85% planning their shopping around these sales events, driven by discounts, no-cost EMI options, and better deals.