Abstract:
This report provides a follow-up of the conclusions drawn in an earlier IIT Bombay Technical Report (September 2020) “Merchant transactions through debit cards – costs and prices” http://dspace.library.iitb.ac.in/jspui/handle/100/25218. We assess the trends and progress of debit card usage since November 2019. Though the Covid-19 pandemic has distorted the trends in two spells (waves 1 and 2), our objective here is to get a general feel of the possible impact of MDR, on debit card usage. Based on data sources of RBI, DFS and NPCI, we mine some interesting card statistics.
