Annual number of credit card transactions in India 2012-2021, per capita
did not rank as India's most used payment method in POS - although its market share did increase between 2020 and 2021. Indian consumers generally prefer the use of cash money, although especially mobile wallets are predicted to gain millions of new users within the Asian country.
Credit card payments in India declined by nearly 200 million transactions in the first year of the coronavirus pandemic but recovered substantially in 2021. In 2021, the payment method made up roughly two transactions when compared to the country's population that year. Credit cards