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Credit/debit card business in India has completed fairly enough time. But, it has not taken that height which was expected. Which of the following may be the reason(s) for the same?
A. Shops/establishments prefer to accept cash in place of cards.
B. Shops and establishments are cost-conscious as the installation and transaction costs are very high.
C. People prefer to travel with cash instead of cards as they are not a safe way of payments.
  • a)
    Only A
  • b)
    Only B
  • c)
    Only C
  • d)
    Both A and B
  • e)
    A, B and C
Correct answer is option 'D'. Can you explain this answer?
Most Upvoted Answer
Credit/debit card business in India has completed fairly enough time....
Banks are also advised to ensure that copies of the circular are available in all their branches so that the customers can peruse the same.
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Credit/debit card business in India has completed fairly enough time. But, it has not taken that height which was expected. Which of the following may be the reason(s) for the same?A. Shops/establishments prefer to accept cash in place of cards.B. Shops and establishments are cost-conscious as the installation and transaction costs are very high.C. People prefer to travel with cash instead of cards as they are not a safe way of payments.a)Only Ab)Only Bc)Only Cd)Both A and Be)A, B and CCorrect answer is option 'D'. Can you explain this answer?
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