Failure rate in debit transactions could mean economy not out of woods yet

The high failure rates in debit payments in June have surprised analysts who had expected it to come down as restrictions in economic activity had started to ease with the fall in infections. Bounce rates have increased above 30% in May and June after falling to 27.48% in April 2021 which was much lower than the 36.65% reported in April 2020.
Published at 2021-07-12T19:36:03+05:30