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Country Report

Credit Card Transactions in

Credit Cards in India

22 pages, Nov 2017

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

Millennial consumer base drives and is expected to continue driving growth of credit cards

Credit card usage in India registered steady growth in 2017. This is expected to continue over the forecast period, in terms of both cards in circulation and the value of transactions at constant 2017 prices.

Cashback and discounts attract consumers

Furthermore, credit cards became popular amongst millennials due to the cashback and discounts offered by issuing banks. The majority of retail banks had tie-ups with various retailers and provided consumers with cashback.

Demonetisation supports initial growth

Initial growth in 2017 was also driven by demonetisation; however, consistent growth in 2017 and expected growth over the forecast period will be driven by the new millennial population, who are more accepting of the concept of credit compared with previous generations.

COMPETITIVE LANDSCAPE

International companies continue to lead the competition, in terms of both issuers and operators

HDFC Bank continued to be the leading credit card issuing bank in 2017, in terms of both cards in circulation and retail value sales. The company has a massive network of retailers across the country that accept payments for shopping, travel bookings, transportation bookings and more, providing consumers with multiple discounts and cashback options.

Visa continues to lead

Amongst operators, Visa continued to be the leading player in terms of both cards in circulation and transaction values in 2017. This was observed primarily due to the company’s first-mover advantage in the country, which resulted in it having strong brand recall amongst both consumers and merchants.

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Overview

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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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Charge Cards in India - Category analysis

Charge Cards in India - Company Profile

HEADLINES

PROSPECTS

Charge cards is expected to continue being a niche category in India

Charge cards set to become more popular

COMPETITIVE LANDSCAPE

International brands continued to drive growth of charge cards in India

American Express continues to lead

CATEGORY DATA

Table 1 Charge Cards: Number of Cards in Circulation 2012-2017
Table 2 Charge Cards Transactions 2012-2017
Table 3 Charge Cards in Circulation: % Growth 2012-2017
Table 4 Charge Cards Transactions: % Growth 2012-2017
Table 5 Commercial Charge Cards: Number of Cards in Circulation 2012-2017
Table 6 Commercial Charge Cards Transactions 2012-2017
Table 7 Commercial Charge Cards in Circulation: % Growth 2012-2017
Table 8 Commercial Charge Cards Transactions: % Growth 2012-2017
Table 9 Personal Charge Cards: Number of Cards in Circulation 2012-2017
Table 10 Personal Charge Cards Transactions 2012-2017
Table 11 Personal Charge Cards in Circulation: % Growth 2012-2017
Table 12 Personal Charge Cards Transactions: % Growth 2012-2017
Table 13 Charge Cards: Number of Cards by Issuer 2012-2016
Table 14 Charge Cards: Number of Cards by Operator 2012-2016
Table 15 Charge Cards Payment Transaction Value by Issuer 2012-2016
Table 16 Charge Cards Payment Transaction Value by Operator 2012-2016
Table 17 Commercial Charge Cards: Number of Cards by Issuer 2012-2016
Table 18 Commercial Charge Cards: Number of Cards by Operator 2012-2016
Table 19 Commercial Charge Cards Payment Transaction Value by Issuer 2012-2016
Table 20 Commercial Charge Cards Payment Transaction Value by Operator 2012-2016
Table 21 Personal Charge Cards: Number of Cards by Issuer 2012-2016
Table 22 Personal Charge Cards: Number of Cards by Operator 2012-2016
Table 23 Personal Charge Cards Transaction Value by Issuer 2012-2016
Table 24 Personal Charge Cards Transaction Value by Operator 2012-2016
Table 25 Forecast Charge Cards: Number of Cards in Circulation 2017-2022
Table 26 Forecast Charge Cards Transactions 2017-2022
Table 27 Forecast Charge Cards in Circulation: % Growth 2017-2022
Table 28 Forecast Charge Cards Transactions: % Growth 2017-2022
Table 29 Forecast Commercial Charge Cards: Number of Cards in Circulation 2017-2022
Table 30 Forecast Commercial Charge Cards Transactions 2017-2022
Table 31 Forecast Commercial Charge Cards in Circulation: % Growth 2017-2022
Table 32 Forecast Commercial Charge Cards Transactions: % Growth 2017-2022
Table 33 Forecast Personal Charge Cards: Number of Cards in Circulation 2017-2022
Table 34 Forecast Personal Charge Cards Transactions 2017-2022
Table 35 Forecast Personal Charge Cards in Circulation: % Growth 2017-2022
Table 36 Forecast Personal Charge Cards Transactions: % Growth 2017-2022

Credit Cards in India - Category analysis

Credit Cards in India - Company Profile

HEADLINES

PROSPECTS

Millennial consumer base drives and is expected to continue driving growth of credit cards

Cashback and discounts attract consumers

Demonetisation supports initial growth

COMPETITIVE LANDSCAPE

International companies continue to lead the competition, in terms of both issuers and operators

Visa continues to lead

CATEGORY DATA

Table 37 Credit Cards: Number of Cards in Circulation 2012-2017
Table 38 Credit Cards Transactions 2012-2017
Table 39 Credit Cards in Circulation: % Growth 2012-2017
Table 40 Credit Cards Transactions: % Growth 2012-2017
Table 41 Commercial Credit Cards: Number of Cards in Circulation 2012-2017
Table 42 Commercial Credit Cards Transactions 2012-2017
Table 43 Commercial Credit Cards in Circulation: % Growth 2012-2017
Table 44 Commercial Credit Cards Transactions: % Growth 2012-2017
Table 45 Personal Credit Cards: Number of Cards in Circulation 2012-2017
Table 46 Personal Credit Cards Transactions 2012-2017
Table 47 Personal Credit Cards in Circulation: % Growth 2012-2017
Table 48 Personal Credit Cards Transactions: % Growth 2012-2017
Table 49 Credit Cards: Number of Cards by Issuer 2012-2016
Table 50 Credit Cards: Number of Cards by Operator 2012-2016
Table 51 Credit Cards Payment Transaction Value by Issuer 2012-2016
Table 52 Credit Cards Payment Transaction Value by Operator 2012-2016
Table 53 Commercial Credit Cards: Number of Cards by Issuer 2012-2016
Table 54 Commercial Credit Cards: Number of Cards by Operator 2012-2016
Table 55 Commercial Credit Cards Payment Transaction Value by Issuer 2012-2016
Table 56 Commercial Credit Cards Payment Transaction Value by Operator 2012-2016
Table 57 Personal Credit Cards: Number of Cards by Issuer 2012-2016
Table 58 Personal Credit Cards: Number of Cards by Operator 2012-2016
Table 59 Personal Credit Cards Payment Transaction Value by Issuer 2012-2016
Table 60 Personal Credit Cards Payment Transaction Value by Operator 2012-2016
Table 61 Forecast Credit Cards: Number of Cards in Circulation 2017-2022
Table 62 Forecast Credit Cards Transactions 2017-2022
Table 63 Forecast Credit Cards in Circulation: % Growth 2017-2022
Table 64 Forecast Credit Cards Transactions: % Growth 2017-2022
Table 65 Forecast Commercial Credit Cards: Number of Cards in Circulation 2017-2022
Table 66 Forecast Commercial Credit Cards Transactions 2017-2022
Table 67 Forecast Commercial Credit Cards in Circulation: % Growth 2017-2022
Table 68 Forecast Commercial Credit Cards Transactions: % Growth 2017-2022
Table 69 Forecast Personal Credit Cards: Number of Cards in Circulation 2017-2022
Table 70 Forecast Personal Credit Cards: Number of Cards in Circulation 2017-2022
Table 71 Forecast Personal Credit Cards Transactions 2017-2022
Table 72 Forecast Personal Credit Cards in Circulation: % Growth 2017-2022
Table 73 Forecast Personal Credit Cards Transactions: % Growth 2017-2022

Debit Cards in India - Category analysis

Debit Cards in India - Company Profile

HEADLINES

PROSPECTS

Demonetisation pushes growth of debit cards and converts consumers to card users

Cash liquidity problems

Payment wallets limit growth

COMPETITIVE LANDSCAPE

Public sector banks continue to dominate the competition

RuPay continues to lead

CATEGORY DATA

Table 74 Debit Cards: Number of Cards in Circulation 2012-2017
Table 75 Debit Cards Transactions 2012-2017
Table 76 Debit Cards in Circulation: % Growth 2012-2017
Table 77 Debit Cards Transactions: % Growth 2012-2017
Table 78 Debit Cards: Number of Cards by Issuer 2012-2016
Table 79 Debit Cards: Number of Cards by Operator 2012-2016
Table 80 Debit Cards Payment Transaction Value by Issuer 2012-2016
Table 81 Debit Cards Payment Transaction Value by Operator 2012-2016
Table 82 Forecast Debit Cards: Number of Cards in Circulation 2017-2022
Table 83 Forecast Debit Cards Transactions 2017-2022
Table 84 Forecast Debit Cards in Circulation: % Growth 2017-2022
Table 85 Forecast Debit Cards Transactions: % Growth 2017-2022

Pre-Paid Cards in India - Category analysis

Pre-Paid Cards in India - Company Profile

HEADLINES

PROSPECTS

Pre-paid cards will offer stiff competition to debit cards

Commuters switch to closed loop cards

COMPETITIVE LANDSCAPE

Transportation cards drive use of pre-paid cards in the country

Axis Bank leads open loop

Mastercard achieves strong brand awareness

CATEGORY DATA

Table 86 Pre-paid Cards: Number of Cards in Circulation 2012-2017
Table 87 Pre-paid Cards Transactions 2012-2017
Table 88 Pre-paid Cards in Circulation: % Growth 2012-2017
Table 89 Pre-paid Cards Transactions: % Growth 2012-2017
Table 90 Closed Loop Pre-paid Cards Transactions 2012-2017
Table 91 Closed Loop Pre-paid Cards Transactions: % Growth 2012-2017
Table 92 Open Loop Pre-paid Cards Transactions 2012-2017
Table 93 Open Loop Pre-paid Cards Transactions: % Growth 2012-2017
Table 94 Pre-paid Cards: Number of Cards by Issuer 2012-2016
Table 95 Pre-paid Cards: Number of Cards by Operator 2012-2016
Table 96 Pre-paid Cards Transaction Value by Issuer 2012-2016
Table 97 Pre-paid Cards Transaction Value by Operator 2012-2016
Table 98 Closed Loop Pre-paid Cards: Number of Cards by Issuer 2012-2016
Table 99 Closed Loop Pre-paid Cards: Number of Cards by Operator 2012-2016
Table 100 Closed Loop Pre-paid Cards Transaction Value by Issuer 2012-2016
Table 101 Closed Loop Pre-paid Cards Transaction Value by Operator 2012-2016
Table 102 Open Loop Pre-paid Cards: Number of Cards by Issuer 2012-2016
Table 103 Open Loop Pre-paid Cards: Number of Cards by Operator 2012-2016
Table 104 Open Loop Pre-paid Cards Transaction Value by Issuer 2012-2016
Table 105 Open Loop Pre-paid Cards Transaction Value by Operator 2012-2016
Table 106 Forecast Pre-paid Cards: Number of Cards in Circulation 2017-2022
Table 107 Forecast Pre-paid Cards Transactions 2017-2022
Table 108 Forecast Pre-paid Cards in Circulation: % Growth 2017-2022
Table 109 Forecast Pre-paid Cards Transactions: % Growth 2017-2022
Table 110 Forecast Closed Loop Pre-paid Cards Transactions 2017-2022
Table 111 Forecast Closed Loop Pre-paid Cards Transactions: % Growth 2017-2022
Table 112 Forecast Open Loop Pre-paid Cards Transactions 2017-2022
Table 113 Forecast Open Loop Pre-paid Cards Transactions: % Growth 2017-2022

Store Cards in India - Category analysis

Store Cards in India - Company Profile

PROSPECTS

Financial Cards and Payments in India - Industry Overview

EXECUTIVE SUMMARY

Financial cards registers strong growth in 2017, driven by demonetisation

Demonetisation also encourages retailers

Private and public sector banks compete head to head

Digitalisation of payments will prove to be a challenge for card usage growth

Payment wallets increase the scope for transactions

MARKET INDICATORS

Table 114 Number of POS Terminals: Units 2012-2017
Table 115 Number of ATMs: Units 2012-2017
Table 116 Value Lost to Fraud 2012-2017
Table 117 Card Expenditure by Location 2017
Table 118 Financial Cards in Circulation by Type: % Number of Cards 2012-2017
Table 119 Domestic versus Foreign Spend 2017

MARKET DATA

Table 120 Financial Cards by Category: Number of Cards in Circulation 2012-2017
Table 121 Financial Cards by Category: Number of Accounts 2012-2017
Table 122 Financial Cards Transactions by Category: Value 2012-2017
Table 123 Financial Cards by Category: Number of Transactions 2012-2017
Table 124 Consumer Payments by Category: Value 2012-2017
Table 125 Consumer Payments by Category: Number of Transactions 2012-2017
Table 126 M-Commerce by Category: Value 2013-2017
Table 127 M-Commerce by Category: % Value Growth 2013-2017
Table 128 Financial Cards: Number of Cards by Issuer 2012-2016
Table 129 Financial Cards: Number of Cards by Operator 2012-2016
Table 130 Financial Cards: Card Payment Transactions Value by Operator 2012-2016
Table 131 Financial Cards: Card Payment Transactions Value by Issuer 2012-2016
Table 132 Forecast Financial Cards by Category: Number of Cards in Circulation 2017-2022
Table 133 Forecast Financial Cards by Category: Number of Accounts 2017-2022
Table 134 Forecast Financial Cards Transactions by Category: Value 2017-2022
Table 135 Forecast Financial Cards by Category: Number of Transactions 2017-2022
Table 136 Forecast Consumer Payments by Category: Value 2017-2022
Table 137 Forecast Consumer Payments by Category: Number of Transactions 2017-2022
Table 138 Forecast M-Commerce by Category: Value 2017-2022
Table 139 Forecast M-Commerce by Category: % Value Growth 2017-2022

Megatrends

Country Report

Credit Cards in India

New Report Guarantee

Executive Summary

New Report Guarantee

PROSPECTS

Millennial consumer base drives and is expected to continue driving growth of credit cards

Cashback and discounts attract consumers

Demonetisation supports initial growth

COMPETITIVE LANDSCAPE

International companies continue to lead the competition, in terms of both issuers and operators

Visa continues to lead

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

Charge cards is expected to continue being a niche category in India

Charge cards set to become more popular

COMPETITIVE LANDSCAPE

International brands continued to drive growth of charge cards in India

American Express continues to lead

CATEGORY DATA

Credit Cards in India - Category analysis

Credit Cards in India - Company Profile

HEADLINES

PROSPECTS

Millennial consumer base drives and is expected to continue driving growth of credit cards

Cashback and discounts attract consumers

Demonetisation supports initial growth

COMPETITIVE LANDSCAPE

International companies continue to lead the competition, in terms of both issuers and operators

Visa continues to lead

CATEGORY DATA

Debit Cards in India - Category analysis

Debit Cards in India - Company Profile

HEADLINES

PROSPECTS

Demonetisation pushes growth of debit cards and converts consumers to card users

Cash liquidity problems

Payment wallets limit growth

COMPETITIVE LANDSCAPE

Public sector banks continue to dominate the competition

RuPay continues to lead

CATEGORY DATA

Pre-Paid Cards in India - Category analysis

Pre-Paid Cards in India - Company Profile

HEADLINES

PROSPECTS

Pre-paid cards will offer stiff competition to debit cards

Commuters switch to closed loop cards

COMPETITIVE LANDSCAPE

Transportation cards drive use of pre-paid cards in the country

Axis Bank leads open loop

Mastercard achieves strong brand awareness

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

Financial cards registers strong growth in 2017, driven by demonetisation

Demonetisation also encourages retailers

Private and public sector banks compete head to head

Digitalisation of payments will prove to be a challenge for card usage growth

Payment wallets increase the scope for transactions

MARKET INDICATORS

MARKET DATA

SOURCES

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