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Credit card transactions will increase due to coronavirus: SBI Card CEO

city New Delhi 2020 pandemic travelers Coronavirus
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NEW DELHI : The challenging situation due to coronavirus pandemic will further push credit card transactions, a senior SBI Card official has said.

He also said that now people will spend more to upgrade their homes as staying indoors is becoming inevitable. "It is little early to say how the credit card industry is going to pan out.

I have always been a big votary of digital payments. I think that opportunities will come back. Given whatever is the economic condition, I think transaction through credit cards will continue to see a rise," SBI Card MD and CEO Hardayal Prasad told PTI in an interview.

Assuming that the lockdown is removed in some places on May 17, the businesses will come back to normal to say about in 2-3 months, he added. "

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COVID-19
United States
United States
Cases: 46 252 513
Deaths: 750 423
Recovered: 0
India
India
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Deaths: 459 652
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Brazil
Brazil
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Deaths: 608 235
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United Kingdom
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Deaths: 141 607
Recovered: 0
Russia
Russia
Cases: 8 494 589
Deaths: 237 619
Recovered: 0
Detail statistic
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