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The value of debit card payments in India for fiscal year 2023 was approximately seven trillion Indian rupees, while the value of credit card based payment was more than 14 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. The Indian digital payments market was estimated to reach the one trillion U.S. dollar mark by 2023.
Value of online card payments in India from financial year 2018 to 2023, by type (in trillion Indian rupees)
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Other statistics that may interest you Credit and debit card market in India
Overview
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- Premium Statistic Share of payment systems India FY 2024
- Premium Statistic Value of card payments India FY 2014-2022
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- Premium Statistic Value of card payments India FY 2018-2023, by type
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Credit cards
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- Premium Statistic Penetration rate of credit cards in India 2014-2029
- Premium Statistic Number of credit cards in use in India 2014-2029
- Premium Statistic Cumulative number of credit cards issued in India FY 2013-2022
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Debit cards
3
Key players
5
- Premium Statistic Number of RuPay debit cards issued under PMJDY in India 2023, by sector
- Premium Statistic Number of active cards of SBI Card in India FY 2018-2022
- Premium Statistic HDFC Bank's number of credit cards issued FY 2018-2022
- Premium Statistic HDFC Bank's number of debit cards issued FY 2018-2022
- Premium Statistic Number of credit and debit cards of ICICI Bank FY 2019-2022
Frauds and complaints
6
- Premium Statistic Value of bank frauds in India 2008-2023
- Premium Statistic Value of bank frauds in India FY 2018-2023, by type of fraud
- Premium Statistic Number of bank fraud cases India 2008-2023
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- Premium Statistic Online banking frauds reported in India 2022, by state
Further related statistics
17
- Volume of card payments India FY 2016-2022
- Value of retail electronic clearing India FY 2016-2021, by type
- Average value of transactions for products purchased online in Norway 2011-2016
- Online baby and children's goods sales in South Korea 2011-2022
- Value of online transactions in Malaysia 2017 by payment method
- Monthly value of online transactions in Colombia 2019-2020
- Value of e-commerce transactions in Turkey 2013-2017
- Average value of credit and debit card transactions in Austria Q1 2015-Q1 2020
- Average transaction value of online merchants in Belgium 2015-2017
- Leading card not present firms 2017, by transaction value
- Mobile banking share South Korea 2018-2022, based on transaction value
- Average transaction value of online merchants in Belgium 2017, by segment size
- Domestic and cross-border value of commercial bank card payments in Germany 2011-2020
- Transaction value of online merchants in Belgium 2015-2020
- RTGS transaction value in Indonesia 2013-2022
- Value of credit card purchases in mixed business retail sales in the UK 2012-2016
- Dominican Republic: value of online card transactions 2018-2020, by destination
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Statistics
- Volume of card payments India FY 2016-2022
- Value of retail electronic clearing India FY 2016-2021, by type
- Average value of transactions for products purchased online in Norway 2011-2016
- Online baby and children's goods sales in South Korea 2011-2022
- Value of online transactions in Malaysia 2017 by payment method
- Monthly value of online transactions in Colombia 2019-2020
- Value of e-commerce transactions in Turkey 2013-2017
- Average value of credit and debit card transactions in Austria Q1 2015-Q1 2020
- Average transaction value of online merchants in Belgium 2015-2017
- Leading card not present firms 2017, by transaction value
- Mobile banking share South Korea 2018-2022, based on transaction value
- Average transaction value of online merchants in Belgium 2017, by segment size
- Domestic and cross-border value of commercial bank card payments in Germany 2011-2020
- Transaction value of online merchants in Belgium 2015-2020
- RTGS transaction value in Indonesia 2013-2022
- Value of credit card purchases in mixed business retail sales in the UK 2012-2016
- Dominican Republic: value of online card transactions 2018-2020, by destination
Reserve Bank of India. (May 30, 2023). Value of online card payments in India from financial year 2018 to 2023, by type (in trillion Indian rupees) [Graph]. In Statista. Retrieved May 16, 2024, from https://www.statista.com/statistics/1034701/india-value-of-card-payments-by-type/
Reserve Bank of India. "Value of online card payments in India from financial year 2018 to 2023, by type (in trillion Indian rupees)." Chart. May 30, 2023. Statista. Accessed May 16, 2024. https://www.statista.com/statistics/1034701/india-value-of-card-payments-by-type/
Reserve Bank of India. (2023). Value of online card payments in India from financial year 2018 to 2023, by type (in trillion Indian rupees). Statista. Statista Inc.. Accessed: May 16, 2024. https://www.statista.com/statistics/1034701/india-value-of-card-payments-by-type/
Reserve Bank of India. "Value of Online Card Payments in India from Financial Year 2018 to 2023, by Type (in Trillion Indian Rupees)." Statista, Statista Inc., 30 May 2023, https://www.statista.com/statistics/1034701/india-value-of-card-payments-by-type/
Reserve Bank of India, Value of online card payments in India from financial year 2018 to 2023, by type (in trillion Indian rupees) Statista, https://www.statista.com/statistics/1034701/india-value-of-card-payments-by-type/ (last visited May 16, 2024)
Value of online card payments in India from financial year 2018 to 2023, by type (in trillion Indian rupees) [Graph], Reserve Bank of India, May 30, 2023. [Online]. Available: https://www.statista.com/statistics/1034701/india-value-of-card-payments-by-type/