This is in sharp contrast to UAE and Kuwait where 63 per cent and 50 per cent of those surveyed had a payment card. The credit card spend by Indians was also low with 73 per cent of Indians spending on an average less than US$35 each month, compared to only 6 per cent in UAE. Similarly, only 2 per cent Indians spend over US$300 per month as against 58 per cent of the cardholders in the UAE. The frequency of use in the country was way below with only 6-10 per cent using their cards compared to 31 per cent in UAE during a month. A majority 72 per cent of Indians use their cards less than twice a month compared to only 15 per cent in the middle-eastern country. The survey, which was also conducted simultaneously in Egypt, Lebanon and Saudi Arabia, also showed differences in consumer spend with most Indians using their cards on clothing while the majority of cardholders in other countries used it on grocery shopping. The survey queried over 200 credit cardholders in Delhi and Mumbai
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