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New Delhi [India], November 16 (ANI/PRNewswire): PayU unveiled its Insights Report - Festive edition today which compares digital payment transaction trends on the PayU platform between the festive seasons of 2021 and 2022 . 2022 saw a 64 per cent increase in expenditure & 31 per cent increase in the number of transactions vis-a-vis festive sale period in 2021. Moreover, the report also mapped the overall pandemic impact on Indians' adoption of digital payments for the festive period. There has been a 245 per cent increase in expenditure & 130 per cent increase in the number of transactions between the 'normal' period of 2019 & post-pandemic period of 2022. Key insights for 2022 vis-a-vis 2021 India's strong credit preference Credit cards were the most preferred mode of payment this season. Interestingly, credit card users spent about 5 times more than debit card users in 2022 (total expenditure), in spite of the fact that there is 1 credit card for every 12

Andhra pradeshNew delhiTamil naduMadhya pradeshInsights reportReserve bankDebit cardsNet bankingNew delhi indiaOvember 16 ani prnewswire payu unveiled its insights report festive edition today which compares digital payment transaction trends on the platform between seasons of 2021 and 2022 sawa 64 per cent increase in expenditure amp 31 number transactions visa vis sale period moreoverHe report also mapped the overall pandemic impact on indians 39 adoption of digital payments for festive period there has beena 245 per cent increase in expenditure amp 130 number transactions between normal 2019 post 2022 key insights visa vis 2021 india 39s strong credit preference cards were most preferred mode payment this season interestinglyRedit card users spent about 5 times more than debit in 2022 total expenditureN spite of the fact that there is 1 credit card for every 12 debit cards on averageA credit card user spent rs 6000 as opposed toa debit who 2500N 2022 year onRedit card transactions and expenditures grew 42 per cent 84