Credit card spending by Bangladeshi citizens in India has plummeted in recent months while it is rising in Thailand and Singapore, according to central bank data.

Plastic money transactions fell 4.77% to Tk 3,057 crore

The use of credit cards in Bangladesh is increasing sharply, bolstered by growing spending on daily essentials at departmental stores amid higher inflation.

Money spent through credit cards fell by 2.96 percent in July compared to the previous month, showed data from the Bangladesh Bank (BB).

People spent Tk 2,312 crore in February, down by 8% from January’s Tk 2,506 crore