Credit Cards May Not Help You Either As Demonetisation Takes Toll

Are we locked out of plastic money transactions now too?

Demonetisation has broken the country’s back irrespective of age and class. If you thought using plastic money could be a way of circumventing this catastrophe, then you’re living in a tiny little bubble. It looks like your credit and debit cards may betray you now too.

When PM Modi announced that he’d be killing a major chunk of our currency (read: Rs 1,000 and Rs 500 notes), our first instinct was to refurbish virtual wallets and flash debit and credit cards for making payments. Four days later, we are where we were on Tuesday: cashless and stranded. Not a single ATM seems to be working and plastic money servers seem to have crashed.

Here’s how the market appears to be faltering, one block at a time.

Demonetisation good, but didn't have to be like Tughlaqi confiscation of existing currency. Now overburdened credit card servers crashing

— Shekhar Gupta (@ShekharGupta) November 12, 2016

@ShekharGupta @MihirDTweets ya my debit card took all most 7-8 minutes n th mall 2 operate 🤔scary no money & what if debit/credit card stops

— Bhaskar Majumdar (@ProbasiBangali) November 12, 2016

@ShekharGupta over burden credit card service?

— SEKHARMALHAR🇮🇳 (@SEKHARMALHAR) November 12, 2016

#disaster @abpnewstv @ZeeNewsHindi #debitcard not working @RelianceFreshIN after spending two haurs..

— Amreik Singh (@meeishamr) November 12, 2016

Some People at The Quint Too Felt the hit

Sahasranshu Mahapatra had trouble paying bills

Suresh Mathew was unable to make payments at Oberoi in Mumbai

We’re hoping that things get better. Meanwhile, have patience fellow Indians, we’re all in this together!