wordpress blog stats
Connect with us

Hi, what are you looking for?

India had 22.74M credit cards, 643.19M debit cards in December 2015

Screen Shot 2016-03-18 at 8.41.21 PMThe number of credit and debit cards in India is steadily rising but Indians still prefer debit cards over credit cards. In December 2015, a total of 22.74 million credit cards and 643.19 million debit cards were in operation, according to the Reserve Bank of India.

Screen Shot 2016-03-18 at 8.42.02 PM

Between December 2014 and December 2015, India added some 0.26 million credit cards and 18.56 million debit cards.

While the number of cards is increasing slowly, people are gradually becoming more comfortable in using them as well, and there’s an increase in their usage.

Screen Shot 2016-03-18 at 8.43.16 PM

1. Number of transactions on credit cards grew by 24% while it rose by 47% for debit cards for the year ending December 2015. In December 2015, total number of transactions through credit cards were 69.36 million while the figure for debit cards was 108.11 million.


Screen Shot 2016-03-18 at 8.44.10 PM

2. Average amount transacted per transaction on credit cards — which is an indication of how much amount people are willing to spend in one transaction — decreased by 0.28% between December 2014 and December 2015. For debit cards, it declined by 10.55% during the same time period.

Screen Shot 2016-03-18 at 8.45.16 PM

3. Total amount transacted through credit cards — which was Rs 21,194 crore in December 2015 — increased by 23% in the one year period ending December 2015. Amount transacted through debit cards increased by 31% during the same time. In December 2015, Rs 14,583 crore were transacted through debit cards.

Advertisement. Scroll to continue reading.

Screen Shot 2016-03-18 at 8.46.49 PM

4. Total amount transacted through credit cards grew by Rs 425 crore in December 2015 while it declined by Rs 316 crore for debit cards.

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.



By Rahul Rai and Shruti Aji Murali A little less than a year since their release, the Consumer Protection (E-commerce) Rules, 2020 is being amended....


By Anand Venkatanarayanan                         There has been enough commentary about the Indian IT...


By Rahul Rai and Shruti Aji Murali The Indian antitrust regulator, the Competition Commission of India (CCI) has a little more than a decade...


By Stella Joseph, Prakhil Mishra, and Surabhi Prabhudesai The recent difference of opinions between the Government and Twitter brings to fore the increasing scrutiny...


This article is being posted here courtesy of The Wire, where it was originally published on June 17.  By Saksham Singh The St Petersburg paradox,...

You May Also Like


Speaking at a webinar, the RBI deputy governor examined key issues related to bank-backed digital currencies and spoke about why they were important given...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to our daily newsletter
Your email address:*
Please enter all required fields Click to hide
Correct invalid entries Click to hide

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ