Tag Archives: Debit cards hold lion’s share in payment system

KARACHI: Credit cards have failed to gain currency in Pakistan as they hold a meagre 4 per cent share in the overall card payment system due to the high-interest rates banks charge to users, mainly dominated by males. The State Bank of Pakistan (SBP), in its third quarterly (January-March) review of Payment Systems released on Monday, stated with 37.1 million debit cards …

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