<p><span>Leading electronic payment processor Worldline has said, <span class="Apple-converted-space"> </span></span><span>“The last weekend of 2016 saw a sharp rise in transactions compared to 2015, especially for debit cards. People are using debit cards more frequently post demonetisation. Spends have risen as consumers are increasingly opting for non-cash payment instruments and the number of places that accept digital payments has also risen.”</span></p>.<p><span>It is not a year to year comparison but a last weekend of the year comparison to be precise. </span><span>Compared to the transactions in the last week of 2015, the transactions over the last weekend of 2016</span><span><span class="Apple-converted-space"> </span>have risen dramatically for debit cards (by 187%) in 2016, and transaction value also jumped by 91%, the company said.<span class="Apple-converted-space"> </span> </span></p>.<p><span>The average transaction size has dropped for both debit and credit card transactions, by about 30%, and 2016-end, people spent the most on fuel, followed by luxury items. This could be because of the fuel hike announced over the weekend. Hotels slid a bit lower this year as consumers are being cautious on expenditure.</span></p>
<p><span>Leading electronic payment processor Worldline has said, <span class="Apple-converted-space"> </span></span><span>“The last weekend of 2016 saw a sharp rise in transactions compared to 2015, especially for debit cards. People are using debit cards more frequently post demonetisation. Spends have risen as consumers are increasingly opting for non-cash payment instruments and the number of places that accept digital payments has also risen.”</span></p>.<p><span>It is not a year to year comparison but a last weekend of the year comparison to be precise. </span><span>Compared to the transactions in the last week of 2015, the transactions over the last weekend of 2016</span><span><span class="Apple-converted-space"> </span>have risen dramatically for debit cards (by 187%) in 2016, and transaction value also jumped by 91%, the company said.<span class="Apple-converted-space"> </span> </span></p>.<p><span>The average transaction size has dropped for both debit and credit card transactions, by about 30%, and 2016-end, people spent the most on fuel, followed by luxury items. This could be because of the fuel hike announced over the weekend. Hotels slid a bit lower this year as consumers are being cautious on expenditure.</span></p>
