By Avinash Saxena
More than ten million shopping transactions were recorded in Bahrain last month, indicating a return of consumer confidence, shows data from the Central Bank of Bahrain (CBB).
Numbers released by the banking regulator yesterday reveal that nearly seven out of 10 card transactions (67.7 per cent) were contactless, continuing the trend for the sixth straight month.
Purchase of products and services using credit and debit cards and mobile wallets at stores and online combined shows a jump of 55.9pc in volume to 11,146,433 in July 2021, from 7,150,035 seen in July 2020, which is another indication of the accelerated movement towards a cashless economy.
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