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Market Research Report

Financial Cards and Payments in India

Published by Euromonitor International Product code 172787
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Financial Cards and Payments in India
Published: December 19, 2019 Content info:
Description

Financial card transactions have posted healthy growth over recent years, following the government's demonetisation initiative in November 2016, supported by the ongoing financial inclusion drive. Huge numbers of new bank accounts have been opened under the Pradhan Mantri Jan Dhan Yojana initiative in semi-urban and rural areas, many new debit cards have been issued to account holders and the government has pushed the installation of new POS terminals by banks.

Euromonitor International's Financial Cards and Payments in India report establishes the size and structure of the market for ATMs cards, smart cards, credit cards, debit cards, charge cards, pre-paid cards and store cards. It looks at key players in the market (issuers and operators), number of cards in circulation, numbers transactions and value of transactions. It offers strategic analysis of sector forecasts and trends to watch.

Product coverage: Financial Cards in Circulation, M-Commerce, Transactions.

Data coverage: market sizes (historic and forecasts), company shares, brand shares and distribution data.

Why buy this report?

  • Get a detailed picture of the Financial Cards and Payments market;
  • Pinpoint growth sectors and identify factors driving change;
  • Understand the competitive environment, the market's major players and leading brands;
  • Use five-year forecasts to assess how the market is predicted to develop.
Table of Contents
Product Code: FCIN

TABLE OF CONTENTS

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 1. Number of POS Terminals: Units 2014-2019
  • Table 2. Number of ATMs: Units 2014-2019
  • Table 3. Value Lost to Fraud 2014-2019
  • Table 4. Card Expenditure by Location 2019
  • Table 5. Financial Cards in Circulation by Type: % Number of Cards 2014-2019
  • Table 6. Domestic versus Foreign Spend 2019

MARKET DATA

  • Table 7. Financial Cards by Category: Number of Cards in Circulation 2014-2019
  • Table 8. Financial Cards by Category: Number of Accounts 2014-2019
  • Table 9. Financial Cards Transactions by Category: Value 2014-2019
  • Table 10. Financial Cards by Category: Number of Transactions 2014-2019
  • Table 11. Consumer Payments by Category: Value 2014-2019
  • Table 12. Consumer Payments by Category: Number of Transactions 2014-2019
  • Table 13. M-Commerce by Category: Value 2014-2019
  • Table 14. M-Commerce by Category: % Value Growth 2014-2019
  • Table 15. Financial Cards: Number of Cards by Issuer 2014-2018
  • Table 16. Financial Cards: Number of Cards by Operator 2014-2018
  • Table 17. Financial Cards: Card Payment Transactions Value by Operator 2014-2018
  • Table 18. Financial Cards: Card Payment Transactions Value by Issuer 2014-2018
  • Table 19. Forecast Financial Cards by Category: Number of Cards in Circulation 2019-2024
  • Table 20. Forecast Financial Cards by Category: Number of Accounts 2019-2024
  • Table 21. Forecast Financial Cards Transactions by Category: Value 2019-2024
  • Table 22. Forecast Financial Cards by Category: Number of Transactions 2019-2024
  • Table 23. Forecast Consumer Payments by Category: Value 2019-2024
  • Table 24. Forecast Consumer Payments by Category: Number of Transactions 2019-2024
  • Table 25. Forecast M-Commerce by Category: Value 2019-2024
  • Table 26. Forecast M-Commerce by Category: % Value Growth 2019-2024

SOURCES

    • Summary 1. Research Sources

HEADLINES

PROSPECTS

  • A limited albeit growing consumer base for charge cards

COMPETITIVE LANDSCAPE

  • American Express remains in sole charge

CATEGORY DATA

  • Table 27. Charge Cards: Number of Cards in Circulation 2014-2019
  • Table 28. Charge Cards Transactions 2014-2019
  • Table 29. Charge Cards in Circulation: % Growth 2014-2019
  • Table 30. Charge Cards Transactions: % Growth 2014-2019
  • Table 31. Personal Charge Cards: Number of Cards in Circulation 2014-2019
  • Table 32. Personal Charge Cards Transactions 2014-2019
  • Table 33. Personal Charge Cards in Circulation: % Growth 2014-2019
  • Table 34. Personal Charge Cards Transactions: % Growth 2014-2019
  • Table 35. Charge Cards: Number of Cards by Issuer 2014-2018
  • Table 36. Charge Cards: Number of Cards by Operator 2014-2018
  • Table 37. Charge Cards Payment Transaction Value by Issuer 2014-2018
  • Table 38. Charge Cards Payment Transaction Value by Operator 2014-2018
  • Table 39. Personal Charge Cards: Number of Cards by Issuer 2014-2018
  • Table 40. Personal Charge Cards: Number of Cards by Operator 2014-2018
  • Table 41. Personal Charge Cards Transaction Value by Issuer 2014-2018
  • Table 42. Personal Charge Cards Transaction Value by Operator 2014-2018
  • Table 43. Forecast Charge Cards: Number of Cards in Circulation 2019-2024
  • Table 44. Forecast Charge Cards Transactions 2019-2024
  • Table 45. Forecast Charge Cards in Circulation: % Growth 2019-2024
  • Table 46. Forecast Charge Cards Transactions: % Growth 2019-2024
  • Table 47. Forecast Commercial Charge Cards: Number of Cards in Circulation 2019-2024
  • Table 48. Forecast Commercial Charge Cards Transactions 2019-2024
  • Table 49. Forecast Personal Charge Cards: Number of Cards in Circulation 2019-2024
  • Table 50. Forecast Personal Charge Cards Transactions 2019-2024
  • Table 51. Forecast Personal Charge Cards in Circulation: % Growth 2019-2024
  • Table 52. Forecast Personal Charge Cards Transactions: % Growth 2019-2024

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 53. Credit Cards: Number of Cards in Circulation 2014-2019
  • Table 54. Credit Cards Transactions 2014-2019
  • Table 55. Credit Cards in Circulation: % Growth 2014-2019
  • Table 56. Credit Cards Transactions: % Growth 2014-2019
  • Table 57. Commercial Credit Cards: Number of Cards in Circulation 2014-2019
  • Table 58. Commercial Credit Cards Transactions 2014-2019
  • Table 59. Commercial Credit Cards in Circulation: % Growth 2014-2019
  • Table 60. Commercial Credit Cards Transactions: % Growth 2014-2019
  • Table 61. Personal Credit Cards: Number of Cards in Circulation 2014-2019
  • Table 62. Personal Credit Cards Transactions 2014-2019
  • Table 63. Personal Credit Cards in Circulation: % Growth 2014-2019
  • Table 64. Personal Credit Cards Transactions: % Growth 2014-2019
  • Table 65. Credit Cards: Number of Cards by Issuer 2014-2018
  • Table 66. Credit Cards: Number of Cards by Operator 2014-2018
  • Table 67. Credit Cards Payment Transaction Value by Issuer 2014-2018
  • Table 68. Credit Cards Payment Transaction Value by Operator 2014-2018
  • Table 69. Commercial Credit Cards: Number of Cards by Issuer 2014-2018
  • Table 70. Commercial Credit Cards: Number of Cards by Operator 2014-2018
  • Table 71. Commercial Credit Cards Payment Transaction Value by Issuer 2014-2018
  • Table 72. Commercial Credit Cards Payment Transaction Value by Operator 2014-2018
  • Table 73. Personal Credit Cards: Number of Cards by Issuer 2014-2018
  • Table 74. Personal Credit Cards: Number of Cards by Operator 2014-2018
  • Table 75. Personal Credit Cards Payment Transaction Value by Issuer 2014-2018
  • Table 76. Personal Credit Cards Payment Transaction Value by Operator 2014-2018
  • Table 77. Forecast Credit Cards: Number of Cards in Circulation 2019-2024
  • Table 78. Forecast Credit Cards Transactions 2019-2024
  • Table 79. Forecast Credit Cards in Circulation: % Growth 2019-2024
  • Table 80. Forecast Credit Cards Transactions: % Growth 2019-2024
  • Table 81. Forecast Commercial Credit Cards: Number of Cards in Circulation 2019-2024
  • Table 82. Forecast Commercial Credit Cards Transactions 2019-2024
  • Table 83. Forecast Commercial Credit Cards in Circulation: % Growth 2019-2024
  • Table 84. Forecast Commercial Credit Cards Transactions: % Growth 2019-2024
  • Table 85. Forecast Personal Credit Cards: Number of Cards in Circulation 2019-2024
  • Table 86. Forecast Personal Credit Cards Transactions 2019-2024
  • Table 87. Forecast Personal Credit Cards in Circulation: % Growth 2019-2024
  • Table 88. Forecast Personal Credit Cards Transactions: % Growth 2019-2024

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 89. Debit Cards: Number of Cards in Circulation 2014-2019
  • Table 90. Debit Cards Transactions 2014-2019
  • Table 91. Debit Cards in Circulation: % Growth 2014-2019
  • Table 92. Debit Cards Transactions: % Growth 2014-2019
  • Table 93. Debit Cards: Number of Cards by Issuer 2014-2018
  • Table 94. Debit Cards: Number of Cards by Operator 2014-2018
  • Table 95. Debit Cards Payment Transaction Value by Issuer 2014-2018
  • Table 96. Debit Cards Payment Transaction Value by Operator 2014-2018
  • Table 97. Forecast Debit Cards: Number of Cards in Circulation 2019-2024
  • Table 98. Forecast Debit Cards Transactions 2019-2024
  • Table 99. Forecast Debit Cards in Circulation: % Growth 2019-2024
  • Table 100. Forecast Debit Cards Transactions: % Growth 2019-2024

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 101. Pre-paid Cards: Number of Cards in Circulation 2014-2019
  • Table 102. Pre-paid Cards Transactions 2014-2019
  • Table 103. Pre-paid Cards in Circulation: % Growth 2014-2019
  • Table 104. Pre-paid Cards Transactions: % Growth 2014-2019
  • Table 105. Closed Loop Pre-paid Cards Transactions 2014-2019
  • Table 106. Closed Loop Pre-paid Cards Transactions: % Growth 2014-2019
  • Table 107. Open Loop Pre-paid Cards Transactions 2014-2019
  • Table 108. Open Loop Pre-paid Cards Transactions: % Growth 2014-2019
  • Table 109. Pre-paid Cards: Number of Cards by Issuer 2014-2018
  • Table 110. Pre-paid Cards: Number of Cards by Operator 2014-2018
  • Table 111. Pre-paid Cards Transaction Value by Issuer 2014-2018
  • Table 112. Pre-paid Cards Transaction Value by Operator 2014-2018
  • Table 113. Closed Loop Pre-paid Cards: Number of Cards by Issuer 2014-2018
  • Table 114. Closed Loop Pre-paid Cards: Number of Cards by Operator 2014-2018
  • Table 115. Closed Loop Pre-paid Cards Transaction Value by Issuer 2014-2018
  • Table 116. Closed Loop Pre-paid Cards Transaction Value by Operator 2014-2018
  • Table 117. Open Loop Pre-paid Cards: Number of Cards by Issuer 2014-2018
  • Table 118. Open Loop Pre-paid Cards: Number of Cards by Operator 2014-2018
  • Table 119. Open Loop Pre-paid Cards Transaction Value by Issuer 2014-2018
  • Table 120. Open Loop Pre-paid Cards Transaction Value by Operator 2014-2018
  • Table 121. Forecast Pre-paid Cards: Number of Cards in Circulation 2019-2024
  • Table 122. Forecast Pre-paid Cards Transactions 2019-2024
  • Table 123. Forecast Pre-paid Cards in Circulation: % Growth 2019-2024
  • Table 124. Forecast Pre-paid Cards Transactions: % Growth 2019-2024
  • Table 125. Forecast Closed Loop Pre-paid Cards Transactions 2019-2024
  • Table 126. Forecast Closed Loop Pre-paid Cards Transactions: % Growth 2019-2024
  • Table 127. Forecast Open Loop Pre-paid Cards Transactions 2019-2024
  • Table 128. Forecast Open Loop Pre-paid Cards Transactions: % Growth 2019-2024

PROSPECTS

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