Card bases payment mode - an accounting perspective: a comparison between credit card and debit card payment systems in India

Leena Bhatia and Bindu Jain

International Journal of Managerial and Financial Accounting, 2013, vol. 5, issue 1, 33-44

Abstract: When commerce goes electronic, the means of paying for goods and services must also go electronic. Thus, for electronic commerce it is also necessary to change payment mode from physical to logical. Many businesses accept payment by card for their goods and services and this can undoubtedly offer some distinct advantages as far as accounting and business is concerned. After considering the advantages we should know how other people think of it. So in this study, we conducted a survey to know how an ordinary Indian customer feels about electronic payment so that business houses can make changes in their accounting system to incorporate the customers' choice. Studies show that followed by the slowdown, Indians continued to spend online in the last quarter of 2008 to emerge as the third highest spenders on the internet in the Asia Pacific region. During the present study, it has been observed that the credit card and debit card payment systems are more common as compared to other modes of electronic payments. Thus in this paper, we are presenting complete information on the credit card and debit card payments and transactions in the last five years and until November 2010 in India.

Keywords: e-commerce; credit cards; debit cards; transactions; accounting; India; electronic commerce; card payments; electronic payment. (search for similar items in EconPapers)
Date: 2013
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