GENERAL24 Sept 2026
Credit card spends fall 2.8% to ₹2.02 trillion in August, shows RBI data
Credit card spending fell 2.8% to Rs 2.02 trillion in August, as online spends dropped 7% to Rs 1.23 trillion. E-commerce spends still grew 4.77% to Rs 79,355 crore from July, and outstanding cards rose to 124.05 million. This affects businesses that depend on card and online payments. If your sales ride on digital payments, review your numbers and don't read one month as a trend.
Key Statutory Highlights
- Credit card spending in August fell 2.8% to Rs 2.02 trillion, with online spends down 7% to Rs 1.23 trillion.
- E-commerce spends rose 4.77% to Rs 79,355 crore in August compared with July.
- The number of outstanding credit cards increased to 124.05 million.
Actionable Advice for Taxpayers / Founders:If your business takes card or online payments, compare your own August sales numbers with July instead of assuming the overall dip matches your shop, and watch the next few months before changing any plans.
Statutory Disclaimer: TaxQue Shorts are AI-assisted editorial briefs for compliance awareness. This brief has not passed every source check; confirm the original notification before acting. This does not constitute formal legal or CA counsel.
TaxQue News Desk
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