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Country Report

Credit Card Transactions in

Credit Cards in India

Dec 2019

US$990

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Executive Summary

New Report Guarantee

If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extract FREE!

PROSPECTS

High personal and commercial demand fuels hike in credit card ownership

Credit card issuance fell sharply in the early 2010s, as banks tightened regulations to address the rising number of defaults. However, from 2016 the number of credit cards issued picked up, as more banks tried to improve card penetration amongst the younger generation.

Credit card usage is more common at the POS

Credit card POS transactions have increased steadily over the last few years, in keeping with the government’s objective of promoting cashless payments. The installation of larger numbers of POS terminals at merchant locations and the higher number of cards in circulation, especially amongst urban residents, have aided the growth of credit card transactions.

The future looks bright for credit cards

The trend of increasing numbers of credit cards in circulation is expected to continue over the forecast period. This will be helped by schemes such as the payment of outstanding dues in EMIs, and additional facilities, such as access to premium services at hotels and airlines, including lounge access.

COMPETITIVE LANDSCAPE

HDFC provides Indians’ best flexible friend

HDFC Bank accounted for by far the highest shares in both credit cards in circulation and transaction value in 2018. Over the years, the largest private bank has attained the leading position in credit cards by launching a variety of cards with lucrative offers, including lounge services, dining offers at major restaurants and shopping offers at various high-end stores.

Visa and Mastercard have a local rival in RuPay

Visa and Mastercard have been the dominant credit card operators in India for many years. The largest banks in India have entered into deals with these operators, enabling expansion in the coverage of Visa- and Mastercard-operated products.

The draw of co-branding grows

HDFC Bank has entered the co-branded credit cards space by launching a card with online retailer Snapdeal, targeting younger consumers, who frequently shop online. Other prestigious co-branded credit cards include JetPrivilege Platinum, in partnership with Jet Airways, and Maruti Suzuki Nexa Card, with exclusive benefits for owners of Nexa cars.

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Overview

Why buy this report?

Gain competitive intelligence about market leaders. Track key industry trends, opportunities and threats. Inform your marketing, brand, strategy and market development, sales and supply functions.

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Overview

Discover the latest market trends and uncover sources of future market growth for the Credit Card Transactions industry in India with research from Euromonitor's team of in-country analysts.

Find hidden opportunities in the most current research data available, understand competitive threats with our detailed market analysis, and plan your corporate strategy with our expert qualitative analysis and growth projections.

If you're in the Credit Card Transactions industry in India, our research will save you time and money while empowering you to make informed, profitable decisions.

The Credit Card Transactions in India market research report includes:

Analysis of key supply-side and demand trends
Detailed segmentation of international and local products
Historic volumes and values, company and brand market shares
Five year forecasts of market trends and market growth
Robust and transparent market research methodology, conducted in-country

Our market research reports answer questions such as:

What is the market size of Credit Card Transactions in India?
What are the major operators and issuers in India?
What is the current state and expected evolution of consumer payment preference?
What payment instrument offers the highest growth potential?
What strategies and positioning have consumer finance companies utilized to win in the market?

Why buy this report?

Gain competitive intelligence about market leaders
Track key industry trends, opportunities and threats
Inform your marketing, brand, strategy and market development, sales and supply functions

Euromonitor’s industry reports, including Credit Card Transactions in India, originate from our database within our Consumer Finance market share and market size database

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Charge Cards in India - Category analysis

Charge Cards in India - Company Profile

HEADLINES

PROSPECTS

A limited albeit growing consumer base for charge cards

COMPETITIVE LANDSCAPE

American Express remains in sole charge

CATEGORY DATA

Table 1 Charge Cards: Number of Cards in Circulation 2014-2019
Table 2 Charge Cards Transactions 2014-2019
Table 3 Charge Cards in Circulation: % Growth 2014-2019
Table 4 Charge Cards Transactions: % Growth 2014-2019
Table 5 Personal Charge Cards: Number of Cards in Circulation 2014-2019
Table 6 Personal Charge Cards Transactions 2014-2019
Table 7 Personal Charge Cards in Circulation: % Growth 2014-2019
Table 8 Personal Charge Cards Transactions: % Growth 2014-2019
Table 9 Charge Cards: Number of Cards by Issuer 2014-2018
Table 10 Charge Cards: Number of Cards by Operator 2014-2018
Table 11 Charge Cards Payment Transaction Value by Issuer 2014-2018
Table 12 Charge Cards Payment Transaction Value by Operator 2014-2018
Table 13 Personal Charge Cards: Number of Cards by Issuer 2014-2018
Table 14 Personal Charge Cards: Number of Cards by Operator 2014-2018
Table 15 Personal Charge Cards Transaction Value by Issuer 2014-2018
Table 16 Personal Charge Cards Transaction Value by Operator 2014-2018
Table 17 Forecast Charge Cards: Number of Cards in Circulation 2019-2024
Table 18 Forecast Charge Cards Transactions 2019-2024
Table 19 Forecast Charge Cards in Circulation: % Growth 2019-2024
Table 20 Forecast Charge Cards Transactions: % Growth 2019-2024
Table 21 Forecast Commercial Charge Cards: Number of Cards in Circulation 2019-2024
Table 22 Forecast Commercial Charge Cards Transactions 2019-2024
Table 23 Forecast Personal Charge Cards: Number of Cards in Circulation 2019-2024
Table 24 Forecast Personal Charge Cards Transactions 2019-2024
Table 25 Forecast Personal Charge Cards in Circulation: % Growth 2019-2024
Table 26 Forecast Personal Charge Cards Transactions: % Growth 2019-2024

Credit Cards in India - Category analysis

Credit Cards in India - Company Profile

HEADLINES

PROSPECTS

High personal and commercial demand fuels hike in credit card ownership

Credit card usage is more common at the POS

The future looks bright for credit cards

COMPETITIVE LANDSCAPE

HDFC provides Indians’ best flexible friend

Visa and Mastercard have a local rival in RuPay

The draw of co-branding grows

CATEGORY DATA

Table 27 Credit Cards: Number of Cards in Circulation 2014-2019
Table 28 Credit Cards Transactions 2014-2019
Table 29 Credit Cards in Circulation: % Growth 2014-2019
Table 30 Credit Cards Transactions: % Growth 2014-2019
Table 31 Commercial Credit Cards: Number of Cards in Circulation 2014-2019
Table 32 Commercial Credit Cards Transactions 2014-2019
Table 33 Commercial Credit Cards in Circulation: % Growth 2014-2019
Table 34 Commercial Credit Cards Transactions: % Growth 2014-2019
Table 35 Personal Credit Cards: Number of Cards in Circulation 2014-2019
Table 36 Personal Credit Cards Transactions 2014-2019
Table 37 Personal Credit Cards in Circulation: % Growth 2014-2019
Table 38 Personal Credit Cards Transactions: % Growth 2014-2019
Table 39 Credit Cards: Number of Cards by Issuer 2014-2018
Table 40 Credit Cards: Number of Cards by Operator 2014-2018
Table 41 Credit Cards Payment Transaction Value by Issuer 2014-2018
Table 42 Credit Cards Payment Transaction Value by Operator 2014-2018
Table 43 Commercial Credit Cards: Number of Cards by Issuer 2014-2018
Table 44 Commercial Credit Cards: Number of Cards by Operator 2014-2018
Table 45 Commercial Credit Cards Payment Transaction Value by Issuer 2014-2018
Table 46 Commercial Credit Cards Payment Transaction Value by Operator 2014-2018
Table 47 Personal Credit Cards: Number of Cards by Issuer 2014-2018
Table 48 Personal Credit Cards: Number of Cards by Operator 2014-2018
Table 49 Personal Credit Cards Payment Transaction Value by Issuer 2014-2018
Table 50 Personal Credit Cards Payment Transaction Value by Operator 2014-2018
Table 51 Forecast Credit Cards: Number of Cards in Circulation 2019-2024
Table 52 Forecast Credit Cards Transactions 2019-2024
Table 53 Forecast Credit Cards in Circulation: % Growth 2019-2024
Table 54 Forecast Credit Cards Transactions: % Growth 2019-2024
Table 55 Forecast Commercial Credit Cards: Number of Cards in Circulation 2019-2024
Table 56 Forecast Commercial Credit Cards Transactions 2019-2024
Table 57 Forecast Commercial Credit Cards in Circulation: % Growth 2019-2024
Table 58 Forecast Commercial Credit Cards Transactions: % Growth 2019-2024
Table 59 Forecast Personal Credit Cards: Number of Cards in Circulation 2019-2024
Table 60 Forecast Personal Credit Cards Transactions 2019-2024
Table 61 Forecast Personal Credit Cards in Circulation: % Growth 2019-2024
Table 62 Forecast Personal Credit Cards Transactions: % Growth 2019-2024

Debit Cards in India - Category analysis

Debit Cards in India - Company Profile

HEADLINES

PROSPECTS

Government leads the surge in India’s banked population

Plastic usage is on the rise but it seems cash remains indispensable

More Indians will access debit cards, while contactless payments will grow

COMPETITIVE LANDSCAPE

SBI is the most inclusive player, driving up debit card performance

Homegrown RuPay competes strongly with the international cards

Cards from private banks see the most retail therapy

CATEGORY DATA

Table 63 Debit Cards: Number of Cards in Circulation 2014-2019
Table 64 Debit Cards Transactions 2014-2019
Table 65 Debit Cards in Circulation: % Growth 2014-2019
Table 66 Debit Cards Transactions: % Growth 2014-2019
Table 67 Debit Cards: Number of Cards by Issuer 2014-2018
Table 68 Debit Cards: Number of Cards by Operator 2014-2018
Table 69 Debit Cards Payment Transaction Value by Issuer 2014-2018
Table 70 Debit Cards Payment Transaction Value by Operator 2014-2018
Table 71 Forecast Debit Cards: Number of Cards in Circulation 2019-2024
Table 72 Forecast Debit Cards Transactions 2019-2024
Table 73 Forecast Debit Cards in Circulation: % Growth 2019-2024
Table 74 Forecast Debit Cards Transactions: % Growth 2019-2024

Pre-Paid Cards in India - Category analysis

Pre-Paid Cards in India - Company Profile

HEADLINES

PROSPECTS

Pre-paid cards are set to travel further in India

Open loop pre-paid cards proliferate as cashless trend strengthens

Journeys by rail become smarter, boosting transportation and travel cards

COMPETITIVE LANDSCAPE

ItzCash has a good spread of products

More consumers want to be kept in the open loop

CATEGORY DATA

Table 75 Pre-paid Cards: Number of Cards in Circulation 2014-2019
Table 76 Pre-paid Cards Transactions 2014-2019
Table 77 Pre-paid Cards in Circulation: % Growth 2014-2019
Table 78 Pre-paid Cards Transactions: % Growth 2014-2019
Table 79 Closed Loop Pre-paid Cards Transactions 2014-2019
Table 80 Closed Loop Pre-paid Cards Transactions: % Growth 2014-2019
Table 81 Open Loop Pre-paid Cards Transactions 2014-2019
Table 82 Open Loop Pre-paid Cards Transactions: % Growth 2014-2019
Table 83 Pre-paid Cards: Number of Cards by Issuer 2014-2018
Table 84 Pre-paid Cards: Number of Cards by Operator 2014-2018
Table 85 Pre-paid Cards Transaction Value by Issuer 2014-2018
Table 86 Pre-paid Cards Transaction Value by Operator 2014-2018
Table 87 Closed Loop Pre-paid Cards: Number of Cards by Issuer 2014-2018
Table 88 Closed Loop Pre-paid Cards: Number of Cards by Operator 2014-2018
Table 89 Closed Loop Pre-paid Cards Transaction Value by Issuer 2014-2018
Table 90 Closed Loop Pre-paid Cards Transaction Value by Operator 2014-2018
Table 91 Open Loop Pre-paid Cards: Number of Cards by Issuer 2014-2018
Table 92 Open Loop Pre-paid Cards: Number of Cards by Operator 2014-2018
Table 93 Open Loop Pre-paid Cards Transaction Value by Issuer 2014-2018
Table 94 Open Loop Pre-paid Cards Transaction Value by Operator 2014-2018
Table 95 Forecast Pre-paid Cards: Number of Cards in Circulation 2019-2024
Table 96 Forecast Pre-paid Cards Transactions 2019-2024
Table 97 Forecast Pre-paid Cards in Circulation: % Growth 2019-2024
Table 98 Forecast Pre-paid Cards Transactions: % Growth 2019-2024
Table 99 Forecast Closed Loop Pre-paid Cards Transactions 2019-2024
Table 100 Forecast Closed Loop Pre-paid Cards Transactions: % Growth 2019-2024
Table 101 Forecast Open Loop Pre-paid Cards Transactions 2019-2024
Table 102 Forecast Open Loop Pre-paid Cards Transactions: % Growth 2019-2024

Store Cards in India - Category analysis

Store Cards in India - Company Profile

PROSPECTS

Financial Cards and Payments in India - Industry Overview

EXECUTIVE SUMMARY

India’s financial cards market thrives as banking population soars

Digital payment adoption continues at pace

The open loop expands in pre-paid cards

RuPay leads the way to a carded society

Mobile wallets are emerging

MARKET INDICATORS

Table 103 Number of POS Terminals: Units 2014-2019
Table 104 Number of ATMs: Units 2014-2019
Table 105 Value Lost to Fraud 2014-2019
Table 106 Card Expenditure by Location 2019
Table 107 Financial Cards in Circulation by Type: % Number of Cards 2014-2019
Table 108 Domestic versus Foreign Spend 2019

MARKET DATA

Table 109 Financial Cards by Category: Number of Cards in Circulation 2014-2019
Table 110 Financial Cards by Category: Number of Accounts 2014-2019
Table 111 Financial Cards Transactions by Category: Value 2014-2019
Table 112 Financial Cards by Category: Number of Transactions 2014-2019
Table 113 Consumer Payments by Category: Value 2014-2019
Table 114 Consumer Payments by Category: Number of Transactions 2014-2019
Table 115 M-Commerce by Category: Value 2014-2019
Table 116 M-Commerce by Category: % Value Growth 2014-2019
Table 117 Financial Cards: Number of Cards by Issuer 2014-2018
Table 118 Financial Cards: Number of Cards by Operator 2014-2018
Table 119 Financial Cards: Card Payment Transactions Value by Operator 2014-2018
Table 120 Financial Cards: Card Payment Transactions Value by Issuer 2014-2018
Table 121 Forecast Financial Cards by Category: Number of Cards in Circulation 2019-2024
Table 122 Forecast Financial Cards by Category: Number of Accounts 2019-2024
Table 123 Forecast Financial Cards Transactions by Category: Value 2019-2024
Table 124 Forecast Financial Cards by Category: Number of Transactions 2019-2024
Table 125 Forecast Consumer Payments by Category: Value 2019-2024
Table 126 Forecast Consumer Payments by Category: Number of Transactions 2019-2024
Table 127 Forecast M-Commerce by Category: Value 2019-2024
Table 128 Forecast M-Commerce by Category: % Value Growth 2019-2024

Megatrends

Country Report

Credit Cards in India

New Report Guarantee

Executive Summary

New Report Guarantee

PROSPECTS

High personal and commercial demand fuels hike in credit card ownership

Credit card usage is more common at the POS

The future looks bright for credit cards

COMPETITIVE LANDSCAPE

HDFC provides Indians’ best flexible friend

Visa and Mastercard have a local rival in RuPay

The draw of co-branding grows

Overview

Why buy this report?

SAMPLES

Delivery Method

Overview

Why buy this report?

Want to find out more about this report?

Table of Contents

Charge Cards in India - Category analysis

Charge Cards in India - Company Profile

HEADLINES

PROSPECTS

A limited albeit growing consumer base for charge cards

COMPETITIVE LANDSCAPE

American Express remains in sole charge

CATEGORY DATA

Credit Cards in India - Category analysis

Credit Cards in India - Company Profile

HEADLINES

PROSPECTS

High personal and commercial demand fuels hike in credit card ownership

Credit card usage is more common at the POS

The future looks bright for credit cards

COMPETITIVE LANDSCAPE

HDFC provides Indians’ best flexible friend

Visa and Mastercard have a local rival in RuPay

The draw of co-branding grows

CATEGORY DATA

Debit Cards in India - Category analysis

Debit Cards in India - Company Profile

HEADLINES

PROSPECTS

Government leads the surge in India’s banked population

Plastic usage is on the rise but it seems cash remains indispensable

More Indians will access debit cards, while contactless payments will grow

COMPETITIVE LANDSCAPE

SBI is the most inclusive player, driving up debit card performance

Homegrown RuPay competes strongly with the international cards

Cards from private banks see the most retail therapy

CATEGORY DATA

Pre-Paid Cards in India - Category analysis

Pre-Paid Cards in India - Company Profile

HEADLINES

PROSPECTS

Pre-paid cards are set to travel further in India

Open loop pre-paid cards proliferate as cashless trend strengthens

Journeys by rail become smarter, boosting transportation and travel cards

COMPETITIVE LANDSCAPE

ItzCash has a good spread of products

More consumers want to be kept in the open loop

CATEGORY DATA

Store Cards in India - Category analysis

Store Cards in India - Company Profile

PROSPECTS

Financial Cards and Payments in India - Industry Overview

EXECUTIVE SUMMARY

India’s financial cards market thrives as banking population soars

Digital payment adoption continues at pace

The open loop expands in pre-paid cards

RuPay leads the way to a carded society

Mobile wallets are emerging

MARKET INDICATORS

MARKET DATA

SOURCES

Why buy this report?

Want to find out more about this report?