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.

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.

You May Also Like


The National Payments Corporation of India is in the process of rolling out a completely open source platform for the Unified Payments Interface (UPI)...


MobiKwik’s net revenues grew by 134% to ₹379 crore at the end of FY20 from ₹162 crore on the back of higher revenue from...


Non-bank lender Bajaj Finance is planning to enter the competitive Unified Payments Interface (UPI) market with its own third-party app called Bajaj Pay. The...


Digital payment adoption has grown significantly in the last year, reflecting a secular trend among Indian consumers and businesses, TR Ramachandran VISA Inc’s group...

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

© 2008-2018 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to Daily Newsletter

    © 2008-2018 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ