{"id":4611,"date":"2016-12-27T11:50:27","date_gmt":"2016-12-27T11:50:27","guid":{"rendered":"http:\/\/www.YourChennai.com\/?p=4611"},"modified":"2016-12-27T11:50:27","modified_gmt":"2016-12-27T11:50:27","slug":"72-of-indians-who-earlier-used-their-debit-cards-only-for-atm-cash-withdrawals-now-making-debit-card-purchases-3-times-a-week-walnut","status":"publish","type":"post","link":"https:\/\/yourchennai.com\/index.php\/2016\/12\/27\/72-of-indians-who-earlier-used-their-debit-cards-only-for-atm-cash-withdrawals-now-making-debit-card-purchases-3-times-a-week-walnut\/","title":{"rendered":"72% of Indians who earlier used their debit cards only for ATM cash withdrawals, now making debit card purchases 3 times a week &#8211; Walnut"},"content":{"rendered":"<div style=\"margin-top: 0px; margin-bottom: 0px;\" class=\"sharethis-inline-share-buttons\" ><\/div><ul>\n<li dir=\"ltr\">\n<h3 dir=\"ltr\" style=\"text-align: justify;\">Delhi showed highest growth in overall cashless transactions<\/h3>\n<\/li>\n<li dir=\"ltr\" style=\"text-align: justify;\">\n<h3 dir=\"ltr\">Chennai\u00e2\u20ac\u2122s cashless transactions growth impacted<\/h3>\n<\/li>\n<\/ul>\n<p style=\"text-align: justify;\"><img loading=\"lazy\" decoding=\"async\" class=\"alignleft size-medium wp-image-4612\" src=\"http:\/\/www.YourChennai.com\/wp-content\/uploads\/2016\/12\/walnut-logo-300x300.png\" alt=\"walnut - logo\" width=\"300\" height=\"300\" srcset=\"https:\/\/yourchennai.com\/wp-content\/uploads\/2016\/12\/walnut-logo-300x300.png 300w, https:\/\/yourchennai.com\/wp-content\/uploads\/2016\/12\/walnut-logo-150x150.png 150w, https:\/\/yourchennai.com\/wp-content\/uploads\/2016\/12\/walnut-logo-768x768.png 768w, https:\/\/yourchennai.com\/wp-content\/uploads\/2016\/12\/walnut-logo-215x215.png 215w, https:\/\/yourchennai.com\/wp-content\/uploads\/2016\/12\/walnut-logo.png 800w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/>Walnut, India\u00e2\u20ac\u2122s leading personal finance app, has witnessed a big jump in cashless transactions across the country, and a doubling of transaction frequency from users who have turned cashless for first time, based on its user data.<\/p>\n<p style=\"text-align: justify;\">Among Walnut users, 72% of those who had previously used their debit card only to withdraw cash from ATMs, and had never done a POS swipe or an online purchase, have now started making cashless purchases via debit cards. In a positive trend, their average cashless purchase frequency has gone up from 1.5 times per week in the initial period of demonetisation to 3 times per week in the second week of December 2016.<\/p>\n<p style=\"text-align: justify;\">Commenting on this, Amit Bhor, co-founder Walnut said \u00e2\u20ac\u0153It is heartening to see that not only are people turning cashless for the first time, but their average cashless transactions are also increasing week-on-week. This shows a growing confidence among users towards cashless payments. Even on Walnut, the bank-to-bank money transfer service has seen a 10x growth in number of transactions\u00e2\u20ac\u009d.<\/p>\n<p style=\"text-align: justify;\">Walnut also did an analysis of cashless payments in top 8 Indian metros, and found that Delhi users have shown the maximum increase with 500% jump in cashless transactions compared to pre-demonetisation, while Chennai has shown the lowest growth at 250% jump. Due to cyclone Vardah, the growth in cashless transactions seem to have stalled in the recent days in Chennai.<\/p>\n<p style=\"text-align: justify;\">Walnut, which had last month launched the highly successful \u00e2\u20ac\u0153Find an #ATMwithCash near you\u00e2\u20ac\u009d feature on its app, helps users automatically track their expenses. Users can set a monthly budget on app and keep their finances under control, and send money to anyone for free using Walnut\u00e2\u20ac\u2122s bank-to-bank money transfer feature.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Delhi showed highest growth in overall cashless transactions Chennai\u00e2\u20ac\u2122s cashless transactions growth impacted Walnut, India\u00e2\u20ac\u2122s leading personal finance app, has witnessed a big jump<\/p>\n","protected":false},"author":1,"featured_media":4613,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[32,30],"tags":[6182,6184,6186,6185,6183],"class_list":["post-4611","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-companies-economy","category-news-business-political-national-realestate","tag-72-of-indians","tag-atm-cash-withdrawals","tag-cashless-transactions","tag-debit-card-purchases","tag-debit-cards"],"views":2038,"jetpack_featured_media_url":"https:\/\/yourchennai.com\/wp-content\/uploads\/2016\/12\/India-Turns-Cashless-Growth-in-Cities.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/yourchennai.com\/index.php\/wp-json\/wp\/v2\/posts\/4611","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/yourchennai.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/yourchennai.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/yourchennai.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/yourchennai.com\/index.php\/wp-json\/wp\/v2\/comments?post=4611"}],"version-history":[{"count":1,"href":"https:\/\/yourchennai.com\/index.php\/wp-json\/wp\/v2\/posts\/4611\/revisions"}],"predecessor-version":[{"id":4614,"href":"https:\/\/yourchennai.com\/index.php\/wp-json\/wp\/v2\/posts\/4611\/revisions\/4614"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/yourchennai.com\/index.php\/wp-json\/wp\/v2\/media\/4613"}],"wp:attachment":[{"href":"https:\/\/yourchennai.com\/index.php\/wp-json\/wp\/v2\/media?parent=4611"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/yourchennai.com\/index.php\/wp-json\/wp\/v2\/categories?post=4611"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/yourchennai.com\/index.php\/wp-json\/wp\/v2\/tags?post=4611"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}