Value of card payments India FY 2018-2024, by type

Published by Sandhya Keelery, Aug 30, 2024

The value of debit card payments in India for fiscal year 2024 was approximately five trillion Indian rupees, while the value of credit card based payment was more than 18 trillion Indian 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. 

Value of online card payments in India from financial year 2018 to 2024, by type (in trillion Indian rupees)

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Release date

June 2024

Region

India

Survey time period

FY 2018 to FY 2024

Supplementary notes

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

 
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 0.011 U.S. dollars and 0.011 euros (as of July 2024).

Values have been rounded.

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