Festive season soars card spends on e-commerce over Rs 29,000 crore in first 12 days of October

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Last Comment 2021-10-14

2021-10-14

Flipkart and Amazon had changed their dates for their flagship sale The Big Billion Days and Great Indian Festival to October 3 from earlier announcements on different dates.

Credit Card spends on e-commerce and PoS in September 2021 were at Rs 62,936.71 crore and debit card spends were at 51,701.00 crore.

The total credit card spends in the first 12 days of October stands at Rs 30,657.35 crore and total debit card spends at Rs 25,085.7 crore.

Bankers said that around 80 percent of credit cards are issued in top 40 cities only. The pandemic impact has led to rise in digital and e-commerce adoption even in tier-3 and tier-4 cities.

https://www.moneycontrol.com/news/business/comp...

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https://www.desidime.com/discussions/festive-season-soars-card-spends-on-e-commerce-over-rs-29-000-crore-in-first-12-days-of-october?page=1#post_8016712

infodoom00_at_gmail_dot_com

2021-10-14

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Good days🙂 and vikaas… always appreciated and thanked for!

https://www.desidime.com/discussions/festive-season-soars-card-spends-on-e-commerce-over-rs-29-000-crore-in-first-12-days-of-october?page=1#post_8016723

Bk100

2021-10-14

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Offline markets are seeing lull in business in this season due to big bang advts for these sales.

https://www.desidime.com/discussions/festive-season-soars-card-spends-on-e-commerce-over-rs-29-000-crore-in-first-12-days-of-october?page=1#post_8016734

BlueFlash

2021-10-14

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The ToI news paper that we get has at least first 5 pages of full page ads of Amazon/Flipkart/Jio/BigBasket/etc sale on the front. followed by another 3 pages of similar full page ads from the back confused