The value of debit card payments in India for the fiscal year 2022 was approximately 7.3 trillion Indian rupees, while the value of credit card based payment was 9.7 billion rupees during the same time period. The consistent utilization of card payments can be attributed to the initiatives made by the government, 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.
Value of online card payments in India from financial year 2018 to 2022, by type (in trillion Indian rupees)
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Statistics on Credit and debit card market in India
Overview
5
- Premium Statistic Value of card payments India FY 2014-2022
- Premium Statistic Value of card payments India FY 2018-2022, by type
- Premium Statistic Average online transaction value in India April 2020
- Premium Statistic Digital payments value in retail India FY 2011-2020
- Premium Statistic Digital lending value in India 2012-2023
Credit cards
5
- Premium Statistic Cumulative number of credit cards in India FY 2013-2021
- Premium Statistic Monthly number of credit card transactions in India 2018-2022, by location
- Premium Statistic Number of new credit cards India 2020-2021
- Premium Statistic Number of Kisan Credit Cards in India FY 2021, by leading state
- Premium Statistic Credit cards in use forecast in India 2013-2028
Debit cards
4
Key players
5
- Premium Statistic Number of RuPay debit cards issued under PMJDY in India 2022, by sector
- Premium Statistic Number of active cards of SBI Card in India FY 2018-2021
- Premium Statistic HDFC Bank's number of credit cards issued FY 2018-2022
- Premium Statistic HDFC Bank's number of debit cards issued FY 2018-2022
- Premium Statistic Number of credit and debit cards of ICICI Bank FY 2019-2022
Frauds and complaints
6
- Premium Statistic Value of bank frauds in India FY 2018-2022, by type of fraud
- Premium Statistic Number of banking complaints in India FY 2021, by category
- Premium Statistic Number of bank fraud cases India 2008-2022
- Premium Statistic Value of bank frauds in India 2008-2022
- Premium Statistic Credit and debit cards incidents reported in India 2021, by leading state
- Premium Statistic Online banking frauds reported in India 2021, by state
Coronavirus impact
4
- Premium Statistic Monthly value of debit card transaction in India 2019-2022
- Premium Statistic COVID-19 impact on monthly transaction value per debit card in India 2019-2020
- Premium Statistic COVID-19 impact on monthly transaction value per credit card India 2019-2020
- Premium Statistic Monthly value of credit card transactions India 2019-2022
Further related statistics
17
- Volume of card payments India FY 2016-2022
- Value of retail electronic clearing India FY 2016-2021, by type
- Average value of transactions for products purchased online in Norway 2011-2016
- Online baby and children's goods sales in South Korea 2011-2021
- Value of online transactions in Malaysia 2017 by payment method
- Monthly value of online transactions in Colombia 2019-2020
- RTGS transaction value in Indonesia 2013-2022
- Transaction value of online merchants in Belgium 2015-2020
- Domestic and cross-border value of commercial bank card payments in Germany 2011-2020
- Average transaction value of online merchants in Belgium 2017, by segment size
- Mobile banking share South Korea H1 2019-H1 2021, based on transaction value
- Leading card not present firms 2017, by transaction value
- Average transaction value of online merchants in Belgium 2015-2017
- Average value of credit and debit card transactions in Austria Q1 2015-Q1 2020
- Value of e-commerce transactions in Turkey 2013-2017
- Value of credit card purchases in mixed business retail sales in the UK 2012-2016
- Dominican Republic: value of online card transactions 2018-2020, by destination
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Statistics
- Volume of card payments India FY 2016-2022
- Value of retail electronic clearing India FY 2016-2021, by type
- Average value of transactions for products purchased online in Norway 2011-2016
- Online baby and children's goods sales in South Korea 2011-2021
- Value of online transactions in Malaysia 2017 by payment method
- Monthly value of online transactions in Colombia 2019-2020
- RTGS transaction value in Indonesia 2013-2022
- Transaction value of online merchants in Belgium 2015-2020
- Domestic and cross-border value of commercial bank card payments in Germany 2011-2020
- Average transaction value of online merchants in Belgium 2017, by segment size
- Mobile banking share South Korea H1 2019-H1 2021, based on transaction value
- Leading card not present firms 2017, by transaction value
- Average transaction value of online merchants in Belgium 2015-2017
- Average value of credit and debit card transactions in Austria Q1 2015-Q1 2020
- Value of e-commerce transactions in Turkey 2013-2017
- Value of credit card purchases in mixed business retail sales in the UK 2012-2016
- Dominican Republic: value of online card transactions 2018-2020, by destination
Reserve Bank of India. (May 25, 2022). Value of online card payments in India from financial year 2018 to 2022, by type (in trillion Indian rupees) [Graph]. In Statista. Retrieved January 31, 2023, from https://www.statista.com/statistics/1034701/india-value-of-card-payments-by-type/
Reserve Bank of India. "Value of online card payments in India from financial year 2018 to 2022, by type (in trillion Indian rupees)." Chart. May 25, 2022. Statista. Accessed January 31, 2023. https://www.statista.com/statistics/1034701/india-value-of-card-payments-by-type/
Reserve Bank of India. (2022). Value of online card payments in India from financial year 2018 to 2022, by type (in trillion Indian rupees). Statista. Statista Inc.. Accessed: January 31, 2023. https://www.statista.com/statistics/1034701/india-value-of-card-payments-by-type/
Reserve Bank of India. "Value of Online Card Payments in India from Financial Year 2018 to 2022, by Type (in Trillion Indian Rupees)." Statista, Statista Inc., 25 May 2022, https://www.statista.com/statistics/1034701/india-value-of-card-payments-by-type/
Reserve Bank of India, Value of online card payments in India from financial year 2018 to 2022, by type (in trillion Indian rupees) Statista, https://www.statista.com/statistics/1034701/india-value-of-card-payments-by-type/ (last visited January 31, 2023)
Value of online card payments in India from financial year 2018 to 2022, by type (in trillion Indian rupees) [Graph], Reserve Bank of India, May 25, 2022. [Online]. Available: https://www.statista.com/statistics/1034701/india-value-of-card-payments-by-type/