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Country Report

Credit Card Transactions in

Credit Cards in India

Nov 2020

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!

2020 IMPACT

Credit card spending down as travel and eating out is put on hold

The number of credit cards in India grew tremendously over the review period as the leading banks incentivised consumers to take out their products. Growth has slowed considerably in 2020, however, due to the impact of COVID-19.

With non-essential travel suspended commercial credit cards take a hit

Commercial credit cards have been particularly hard hit in 2020 with travel suspended for much of the year. Spending on hotels, flights and restaurants accounts for a large majority of sales on commercial credit cards.

Credit cards suffers as consumers exercise caution

There has been a definite shift in spending habits due to COVID-19 with consumers showing a preference for debit over credit cards. With non-essential stores closed during the lockdown and with consumers postponing the purchasing of big ticket items credit card transactions have taken a significant hit.

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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

KEY DATA FINDINGS

2020 IMPACT

Reduced spending on big ticket items hits charge cards

COVID-19 restrictions hit travel and dining expenditure

Travel restrictions make it hard for American Express to attract new customers

RECOVERY AND OPPORTUNITIES

American Express eyes further opportunities for growth

Shop Small comes to India offering opportunities for growth

Financial and travel constraints could act as a barrier to growth

CATEGORY DATA

Table 1 Charge Cards: Number of Cards in Circulation 2015-2020
Table 2 Charge Cards Transactions 2015-2020
Table 3 Charge Cards in Circulation: % Growth 2015-2020
Table 4 Charge Cards Transactions: % Growth 2015-2020
Table 5 Personal Charge Cards: Number of Cards in Circulation 2015-2020
Table 6 Personal Charge Cards Transactions 2015-2020
Table 7 Personal Charge Cards in Circulation: % Growth 2015-2020
Table 8 Personal Charge Cards Transactions: % Growth 2015-2020
Table 9 Charge Cards: Number of Cards by Issuer 2015-2019
Table 10 Charge Cards: Number of Cards by Operator 2015-2019
Table 11 Charge Cards Payment Transaction Value by Issuer 2015-2019
Table 12 Charge Cards Payment Transaction Value by Operator 2015-2019
Table 13 Personal Charge Cards: Number of Cards by Issuer 2015-2019
Table 14 Personal Charge Cards: Number of Cards by Operator 2015-2019
Table 15 Personal Charge Cards Transaction Value by Issuer 2015-2019
Table 16 Personal Charge Cards Transaction Value by Operator 2015-2019
Table 17 Forecast Charge Cards: Number of Cards in Circulation 2020-2025
Table 18 Forecast Charge Cards Transactions 2020-2025
Table 19 Forecast Charge Cards in Circulation: % Growth 2020-2025
Table 20 Forecast Charge Cards Transactions: % Growth 2020-2025
Table 21 Forecast Personal Charge Cards: Number of Cards in Circulation 2020-2025
Table 22 Forecast Personal Charge Cards Transactions 2020-2025
Table 23 Forecast Personal Charge Cards in Circulation: % Growth 2020-2025
Table 24 Forecast Personal Charge Cards Transactions: % Growth 2020-2025

Credit Cards in India - Category analysis

Credit Cards in India - Company Profile

KEY DATA FINDINGS

2020 IMPACT

Credit card spending down as travel and eating out is put on hold

With non-essential travel suspended commercial credit cards take a hit

Credit cards suffers as consumers exercise caution

RECOVERY AND OPPORTUNITIES

Credit cards faces bright future as lenders encourage uptake

Spending on credit cards expected to overtake spending on debit cards in value terms

Spending set to resume from 2021 but challenges remain

CATEGORY DATA

Table 25 Credit Cards: Number of Cards in Circulation 2015-2020
Table 26 Credit Cards Transactions 2015-2020
Table 27 Credit Cards in Circulation: % Growth 2015-2020
Table 28 Credit Cards Transactions: % Growth 2015-2020
Table 29 Commercial Credit Cards: Number of Cards in Circulation 2015-2020
Table 30 Commercial Credit Cards Transactions 2015-2020
Table 31 Commercial Credit Cards in Circulation: % Growth 2015-2020
Table 32 Commercial Credit Cards Transactions: % Growth 2015-2020
Table 33 Personal Credit Cards: Number of Cards in Circulation 2015-2020
Table 34 Personal Credit Cards Transactions 2015-2020
Table 35 Personal Credit Cards in Circulation: % Growth 2015-2020
Table 36 Personal Credit Cards Transactions: % Growth 2015-2020
Table 37 Credit Cards: Number of Cards by Issuer 2015-2019
Table 38 Credit Cards: Number of Cards by Operator 2015-2019
Table 39 Credit Cards Payment Transaction Value by Issuer 2015-2019
Table 40 Credit Cards Payment Transaction Value by Operator 2015-2019
Table 41 Commercial Credit Cards: Number of Cards by Issuer 2015-2019
Table 42 Commercial Credit Cards: Number of Cards by Operator 2015-2019
Table 43 Commercial Credit Cards Payment Transaction Value by Issuer 2015-2019
Table 44 Commercial Credit Cards Payment Transaction Value by Operator 2015-2019
Table 45 Personal Credit Cards: Number of Cards by Issuer 2015-2019
Table 46 Personal Credit Cards: Number of Cards by Operator 2015-2019
Table 47 Personal Credit Cards Payment Transaction Value by Issuer 2015-2019
Table 48 Personal Credit Cards Payment Transaction Value by Operator 2015-2019
Table 49 Forecast Credit Cards: Number of Cards in Circulation 2020-2025
Table 50 Forecast Credit Cards Transactions 2020-2025
Table 51 Forecast Credit Cards in Circulation: % Growth 2020-2025
Table 52 Forecast Credit Cards Transactions: % Growth 2020-2025
Table 53 Forecast Commercial Credit Cards: Number of Cards in Circulation 2020-2025
Table 54 Forecast Commercial Credit Cards Transactions 2020-2025
Table 55 Forecast Commercial Credit Cards in Circulation: % Growth 2020-2025
Table 56 Forecast Commercial Credit Cards Transactions: % Growth 2020-2025
Table 57 Forecast Personal Credit Cards: Number of Cards in Circulation 2020-2025
Table 58 Forecast Personal Credit Cards Transactions 2020-2025
Table 59 Forecast Personal Credit Cards in Circulation: % Growth 2020-2025
Table 60 Forecast Personal Credit Cards Transactions: % Growth 2020-2025

Debit Cards in India - Category analysis

Debit Cards in India - Company Profile

KEY DATA FINDINGS

2020 IMPACT

Commercial debit cards see drop in usage due to home working and online meetings

Economic uncertainty sees consumers curbing their spending

Consumers switch from cash to card to avoid the spread of COVID-19

RECOVERY AND OPPORTUNITIES

Debit cards still has room for growth

India’s government pushing towards a cashless economy

Digital wallets could impede stronger growth in debit cards

CATEGORY DATA

Table 61 Debit Cards: Number of Cards in Circulation 2015-2020
Table 62 Debit Cards Transactions 2015-2020
Table 63 Debit Cards in Circulation: % Growth 2015-2020
Table 64 Debit Cards Transactions: % Growth 2015-2020
Table 65 Debit Cards: Number of Cards by Issuer 2015-2019
Table 66 Debit Cards: Number of Cards by Operator 2015-2019
Table 67 Debit Cards Payment Transaction Value by Issuer 2015-2019
Table 68 Debit Cards Payment Transaction Value by Operator 2015-2019
Table 69 Forecast Debit Cards: Number of Cards in Circulation 2020-2025
Table 70 Forecast Debit Cards Transactions 2020-2025
Table 71 Forecast Debit Cards in Circulation: % Growth 2020-2025
Table 72 Forecast Debit Cards Transactions: % Growth 2020-2025

Pre-Paid Cards in India - Category analysis

Pre-Paid Cards in India - Company Profile

KEY DATA FINDINGS

2020 IMPACT

Disruption to public transport puts a dent in closed loop pre-paid card transactions

Closure of educational institutions curbs the use of open loop pre-paid cards

Postponement of foreign travel and celebrations provides another blow to sales

RECOVERY AND OPPORTUNITIES

Public transport key to the recovery of closed loop pre-paid cards

Flexibility of open loop pre-paid cards offers greater potential

Economic uncertainty and alternative product options cast a cloud on the future of pre-paid cards

CATEGORY DATA

Table 73 Pre-paid Cards: Number of Cards in Circulation 2015-2020
Table 74 Pre-paid Cards Transactions 2015-2020
Table 75 Pre-paid Cards in Circulation: % Growth 2015-2020
Table 76 Pre-paid Cards Transactions: % Growth 2015-2020
Table 77 Closed Loop Pre-paid Cards Transactions 2015-2020
Table 78 Closed Loop Pre-paid Cards Transactions: % Growth 2015-2020
Table 79 Open Loop Pre-paid Cards Transactions 2015-2020
Table 80 Open Loop Pre-paid Cards Transactions: % Growth 2015-2020
Table 81 Pre-paid Cards: Number of Cards by Issuer 2015-2019
Table 82 Pre-paid Cards: Number of Cards by Operator 2015-2019
Table 83 Pre-paid Cards Transaction Value by Issuer 2015-2019
Table 84 Pre-paid Cards Transaction Value by Operator 2015-2019
Table 85 Closed Loop Pre-paid Cards: Number of Cards by Issuer 2015-2019
Table 86 Closed Loop Pre-paid Cards: Number of Cards by Operator 2015-2019
Table 87 Closed Loop Pre-paid Cards Transaction Value by Issuer 2015-2019
Table 88 Closed Loop Pre-paid Cards Transaction Value by Operator 2015-2019
Table 89 Open Loop Pre-paid Cards: Number of Cards by Issuer 2015-2019
Table 90 Open Loop Pre-paid Cards: Number of Cards by Operator 2015-2019
Table 91 Open Loop Pre-paid Cards Transaction Value by Issuer 2015-2019
Table 92 Open Loop Pre-paid Cards Transaction Value by Operator 2015-2019
Table 93 Forecast Pre-paid Cards: Number of Cards in Circulation 2020-2025
Table 94 Forecast Pre-paid Cards Transactions 2020-2025
Table 95 Forecast Pre-paid Cards in Circulation: % Growth 2020-2025
Table 96 Forecast Pre-paid Cards Transactions: % Growth 2020-2025
Table 97 Forecast Closed Loop Pre-paid Cards Transactions 2020-2025
Table 98 Forecast Closed Loop Pre-paid Cards Transactions: % Growth 2020-2025
Table 99 Forecast Open Loop Pre-paid Cards Transactions 2020-2025
Table 100 Forecast Open Loop Pre-paid Cards Transactions: % Growth 2020-2025

Store Cards in India - Category analysis

Store Cards in India - Company Profile

RECOVERY AND OPPORTUNITIES

Financial Cards and Payments in India - Industry Overview

EXECUTIVE SUMMARY

COVID-19 impact on consumer payments

COVID-19 country impact

COVID-19 supporting the push towards a cashless society

India’s evolving digital economy

Themed heading 4

What next for consumer payments?

MARKET INDICATORS

Table 101 Number of POS Terminals: Units 2015-2020
Table 102 Number of ATMs: Units 2015-2020
Table 103 Value Lost to Fraud 2015-2020
Table 104 Card Expenditure by Location 2020
Table 105 Financial Cards in Circulation by Type: % Number of Cards 2015-2020
Table 106 Domestic versus Foreign Spend 2020

MARKET DATA

Table 107 Financial Cards by Category: Number of Cards in Circulation 2015-2020
Table 108 Financial Cards by Category: Number of Accounts 2015-2020
Table 109 Financial Cards Transactions by Category: Value 2015-2020
Table 110 Financial Cards by Category: Number of Transactions 2015-2020
Table 111 Consumer Payments by Category: Value 2015-2020
Table 112 Consumer Payments by Category: Number of Transactions 2015-2020
Table 113 M-Commerce by Category: Value 2015-2020
Table 114 M-Commerce by Category: % Value Growth 2015-2020
Table 115 Financial Cards: Number of Cards by Issuer 2015-2019
Table 116 Financial Cards: Number of Cards by Operator 2015-2019
Table 117 Financial Cards: Card Payment Transactions Value by Operator 2015-2019
Table 118 Financial Cards: Card Payment Transactions Value by Issuer 2015-2019
Table 119 Forecast Financial Cards by Category: Number of Cards in Circulation 2020-2025
Table 120 Forecast Financial Cards by Category: Number of Accounts 2020-2025
Table 121 Forecast Financial Cards Transactions by Category: Value 2020-2025
Table 122 Forecast Financial Cards by Category: Number of Transactions 2020-2025
Table 123 Forecast Consumer Payments by Category: Value 2020-2025
Table 124 Forecast Consumer Payments by Category: Number of Transactions 2020-2025
Table 125 Forecast M-Commerce by Category: Value 2020-2025
Table 126 Forecast M-Commerce by Category: % Value Growth 2020-2025

Megatrends

Country Report

Credit Cards in India

New Report Guarantee

Executive Summary

New Report Guarantee

2020 IMPACT

Credit card spending down as travel and eating out is put on hold

With non-essential travel suspended commercial credit cards take a hit

Credit cards suffers as consumers exercise caution

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

KEY DATA FINDINGS

2020 IMPACT

Reduced spending on big ticket items hits charge cards

COVID-19 restrictions hit travel and dining expenditure

Travel restrictions make it hard for American Express to attract new customers

RECOVERY AND OPPORTUNITIES

American Express eyes further opportunities for growth

Shop Small comes to India offering opportunities for growth

Financial and travel constraints could act as a barrier to growth

CATEGORY DATA

Credit Cards in India - Category analysis

Credit Cards in India - Company Profile

KEY DATA FINDINGS

2020 IMPACT

Credit card spending down as travel and eating out is put on hold

With non-essential travel suspended commercial credit cards take a hit

Credit cards suffers as consumers exercise caution

RECOVERY AND OPPORTUNITIES

Credit cards faces bright future as lenders encourage uptake

Spending on credit cards expected to overtake spending on debit cards in value terms

Spending set to resume from 2021 but challenges remain

CATEGORY DATA

Debit Cards in India - Category analysis

Debit Cards in India - Company Profile

KEY DATA FINDINGS

2020 IMPACT

Commercial debit cards see drop in usage due to home working and online meetings

Economic uncertainty sees consumers curbing their spending

Consumers switch from cash to card to avoid the spread of COVID-19

RECOVERY AND OPPORTUNITIES

Debit cards still has room for growth

India’s government pushing towards a cashless economy

Digital wallets could impede stronger growth in debit cards

CATEGORY DATA

Pre-Paid Cards in India - Category analysis

Pre-Paid Cards in India - Company Profile

KEY DATA FINDINGS

2020 IMPACT

Disruption to public transport puts a dent in closed loop pre-paid card transactions

Closure of educational institutions curbs the use of open loop pre-paid cards

Postponement of foreign travel and celebrations provides another blow to sales

RECOVERY AND OPPORTUNITIES

Public transport key to the recovery of closed loop pre-paid cards

Flexibility of open loop pre-paid cards offers greater potential

Economic uncertainty and alternative product options cast a cloud on the future of pre-paid cards

CATEGORY DATA

Store Cards in India - Category analysis

Store Cards in India - Company Profile

RECOVERY AND OPPORTUNITIES

Financial Cards and Payments in India - Industry Overview

EXECUTIVE SUMMARY

COVID-19 impact on consumer payments

COVID-19 country impact

COVID-19 supporting the push towards a cashless society

India’s evolving digital economy

Themed heading 4

What next for consumer payments?

MARKET INDICATORS

MARKET DATA

DISCLAIMER