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Cash takes back seat as Covid drives card use


Cash takes back seat as Covid drives card use
The use of both credit and debit cards went up heavily in March as people purchased more products and services through digital means amid the recent resurgence of Covid-19.
Total card loans held by lenders stood at Tk 1,783 crore in March, up 18 per cent from a month ago and 57 per cent year-on-year, data from Bangladesh Bank shows.
The growth in March was also the highest in the last seven months since September last year as the previous highest growth was 24 per cent in August.
Clients dependency on debit cards increased substantially in March as the figure stood at Tk 22,000 crore, up 22 per cent from that a month earlier and 45.33 per cent year-on-year. ....

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