Biggest international and domestic payment card schemes in India 2016-2022
remained the most used in-store payment method. Noticeable is the growing use of credit cards for offline payments.
The market share of domestic card brand RuPay did not reach the same heights in India as either Visa or Mastercard. Visa, especially, is popular in the Asian country, with a market share in 2021 of nearly 50 percent, an increase of seven percentage points from the previous year. Mastercard's market share grew by five percentage points during the same timeframe. Although the share of cash in India declined significantly since COVID-19, it