India: value of card payments by type 2022

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)

Characteristic	Credit card	Debit card
-	-	-
-	-	-
-	-	-
-	-	-
-	-	-

Download

Source

Show detailed source information?

Already a member?

Source

Use Ask Statista Research Service

Release date

May 2022

More information

Region

India

Survey time period

FY 2018 to FY 2022

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.

One Indian rupee is equal to 0.012 euros and 0.013 U.S. dollars (as of June 2022).

Values have been rounded.

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

Citation formats