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Volume of card payments India FY 2014-2020 by type

The volume of debit card payments in India for the fiscal year 2020 was approximately 5 billion, while the volume of credit card payment was estimated at over 2 billion during the same time period. The government initiatives made the accessibility and use of digital payments widespread, aspiring to make India a cashless economy. The Indian digital payments market was estimated to reach the one trillion U.S. dollar mark by the year 2023.

Volume of card payments in India from financial year 2014 to 2020, by type

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Source

Release date

September 2020

Region

India

Survey time period

FY 2014 to FY 2020

Supplementary notes

India's financial year begins in April and ends in March. For example, FY 2016 started in April 2015 and ended in March 2016.

Values have been rounded.

*The figures for cards are for transactions at point of sale (POS) terminals only which include online transactions.

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