According to Visa, the average spend during the festive season was 1.48 X more than that during a normal week, and it doubled to Rs 2,900 crore on Dhanteras, which was on November 5, 2018.
Updated:
ThinkStock Photos
The five cities of Delhi NCR, Mumbai, Bengaluru, Hyderabad and Chennai contributed 46% of total offline spend.
Every one in three purchases during the Diwali festive season was done online, as per a report by Visa.
Indian shoppers spent Rs 153 billion ($2.1 billion) during the Diwali shopping season, with credit card spend growing faster than debit card year on year, also comprising half of the total spend, as per Visa’s analysis.
According to Visa, the average spend during the festive season was 1.48 X more than that during a normal week, and it doubled to Rs 2,900 crore on Dhanteras, which was on November 5, 2018.
The five cities of Delhi NCR, Mumbai, Bengaluru, Hyderabad and Chennai contributed 46% of total offline spend. Chandigarh, Coimbatore and Pune showed increase of up to 64% in debit spend
Travelling to Germany for work meetings? Here's the visa process
