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PUBLISHER: Euromonitor International | PRODUCT CODE: 1767075

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PUBLISHER: Euromonitor International | PRODUCT CODE: 1767075

Financial Cards and Payments in India

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PAGES: 50 Pages
DELIVERY TIME: 1-2 business days
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The Indian Government's national mission to achieve financial inclusion continued to bring more of the population into the formal banking structure in 2024, leading to greater awareness and the subsequent adoption of financial cards. The national financial inclusion mission, called Pradhan Mantri Jan Dhan Yojana (PMJDY), led to a further portion of the unbanked population becoming bank customers and the issuance of debit cards upon the opening of bank accounts by such customers became a crucial...

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, Mobile Payments, 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.

Euromonitor International has over 50 years' experience of publishing market research reports, business reference books and online information systems. With offices in London, Chicago, Singapore, Shanghai, Vilnius, Dubai, Cape Town, Santiago, Sydney, Tokyo, Bengaluru, Sao Paulo, Seoul, Hong Kong, Dusseldorf and Mexico City and a network of analysts in 100 countries, Euromonitor International has a unique capability and an understanding of diverse markets to develop reliable information resources to help drive informed strategic planning. To learn more about how our research solutions can support you, contact your local Euromonitor International office.

Product Code: FCIN

TABLE OF CONTENTS

List Of Contents And Tables

EXECUTIVE SUMMARY

  • Financial cards and payments in 2024: The big picture
  • 2024 key trends
  • Co-branded cards remain a focus to provide more tailored benefits
  • Competitive landscape
  • What next for financial cards and payments?

MARKET INDICATORS

  • Table 1 Number of POS Terminals: Units 2019-2024
  • Table 2 Number of ATMs: Units 2019-2024
  • Table 3 Value Lost to Fraud 2019-2024
  • Table 4 Card Expenditure by Location 2024
  • Table 5 Financial Cards in Circulation by Type: % Number of Cards 2019-2024
  • Table 6 Domestic versus Foreign Spend 2024

MARKET DATA

  • Table 7 Financial Cards by Category: Number of Cards in Circulation 2019-2024
  • Table 8 Financial Cards by Category: Number of Accounts 2019-2024
  • Table 9 Financial Cards Transactions by Category: Value 2019-2024
  • Table 10 Financial Cards by Category: Number of Transactions 2019-2024
  • Table 11 Consumer Payments by Category: Value 2019-2024
  • Table 12 Consumer Payments by Category: Number of Transactions 2019-2024
  • Table 13 M-Commerce by Category: Value 2019-2024
  • Table 14 M-Commerce by Category: % Value Growth 2019-2024
  • Table 15 Financial Cards: Number of Cards by Issuer 2019-2023
  • Table 16 Financial Cards: Number of Cards by Operator 2019-2023
  • Table 17 Financial Cards: Card Payment Transactions Value by Operator 2019-2023
  • Table 18 Financial Cards: Card Payment Transactions Value by Issuer 2019-2023
  • Table 19 Forecast Financial Cards by Category: Number of Cards in Circulation 2024-2029
  • Table 20 Forecast Financial Cards by Category: Number of Accounts 2024-2029
  • Table 21 Forecast Financial Cards Transactions by Category: Value 2024-2029
  • Table 22 Forecast Financial Cards by Category: Number of Transactions 2024-2029
  • Table 23 Forecast Consumer Payments by Category: Value 2024-2029
  • Table 24 Forecast Consumer Payments by Category: Number of Transactions 2024-2029
  • Table 25 Forecast M-Commerce by Category: Value 2024-2029
  • Table 26 Forecast M-Commerce by Category: % Value Growth 2024-2029

DISCLAIMER

SOURCES

  • Summary 1 Research Sources

DEBIT CARDS IN INDIA

KEY DATA FINDINGS

2024 DEVELOPMENTS

  • High penetration levels and growing competition from digital payments restrict growth
  • Evolving purchasing patterns impact instances of debit card usage
  • State Bank of India (SBI) leads through its extensive, with RuPay leading in operator space

PROSPECTS AND OPPORTUNITIES

  • Limited reward structure and value proposition set to impact value growth in forecast period
  • Issuers increasingly focusing on commercial segment to limit slowdown in transactions
  • Unbanked population to drive card issuance volume, whilst increasing consumer confidence in digital payments and shift towards online shopping to have an impact

CATEGORY DATA

  • Table 27 Debit Cards: Number of Cards in Circulation 2019-2024
  • Table 28 Debit Cards Transactions 2019-2024
  • Table 29 Debit Cards in Circulation: % Growth 2019-2024
  • Table 30 Debit Cards Transactions: % Growth 2019-2024
  • Table 31 Debit Cards: Number of Cards by Issuer 2019-2023
  • Table 32 Debit Cards: Number of Cards by Operator 2019-2023
  • Table 33 Debit Cards Payment Transaction Value by Issuer 2019-2023
  • Table 34 Debit Cards Payment Transaction Value by Operator 2019-2023
  • Table 35 Forecast Debit Cards: Number of Cards in Circulation 2024-2029
  • Table 36 Forecast Debit Cards Transactions 2024-2029
  • Table 37 Forecast Debit Cards in Circulation: % Growth 2024-2029
  • Table 38 Forecast Debit Cards Transactions: % Growth 2024-2029

CREDIT CARDS IN INDIA

KEY DATA FINDINGS

2024 DEVELOPMENTS

  • Sustained economic growth and lower credit card penetration level leads to significant growth
  • Income inequality and attractive demographic segment fuels credit card adoption
  • Online spending dominates credit card usage with market consolidated via major four banks

PROSPECTS AND OPPORTUNITIES

  • RBI's card portability regulation set to intensify competition within credit card operators
  • RBI and financial institutions focus on better long-tern allocation of credit through tighter regulations
  • Shift in channel preference, with issuance to those with low credit history to remain a challenge

CATEGORY DATA

  • Table 39 Credit Cards: Number of Cards in Circulation 2019-2024
  • Table 40 Credit Cards Transactions 2019-2024
  • Table 41 Credit Cards in Circulation: % Growth 2019-2024
  • Table 42 Credit Cards Transactions: % Growth 2019-2024
  • Table 43 Commercial Credit Cards: Number of Cards in Circulation 2019-2024
  • Table 44 Commercial Credit Cards Transactions 2019-2024
  • Table 45 Commercial Credit Cards in Circulation: % Growth 2019-2024
  • Table 46 Commercial Credit Cards Transactions: % Growth 2019-2024
  • Table 47 Personal Credit Cards: Number of Cards in Circulation 2019-2024
  • Table 48 Personal Credit Cards Transactions 2019-2024
  • Table 49 Personal Credit Cards in Circulation: % Growth 2019-2024
  • Table 50 Personal Credit Cards Transactions: % Growth 2019-2024
  • Table 51 Credit Cards: Number of Cards by Issuer 2019-2023
  • Table 52 Credit Cards: Number of Cards by Operator 2019-2023
  • Table 53 Credit Cards Payment Transaction Value by Issuer 2019-2023
  • Table 54 Credit Cards Payment Transaction Value by Operator 2019-2023
  • Table 55 Commercial Credit Cards: Number of Cards by Issuer 2019-2023
  • Table 56 Commercial Credit Cards: Number of Cards by Operator 2019-2023
  • Table 57 Commercial Credit Cards Payment Transaction Value by Issuer 2019-2023
  • Table 58 Commercial Credit Cards Payment Transaction Value by Operator 2019-2023
  • Table 59 Personal Credit Cards: Number of Cards by Issuer 2019-2023
  • Table 60 Personal Credit Cards: Number of Cards by Operator 2019-2023
  • Table 61 Personal Credit Cards Payment Transaction Value by Issuer 2019-2023
  • Table 62 Personal Credit Cards Payment Transaction Value by Operator 2019-2023
  • Table 63 Forecast Credit Cards: Number of Cards in Circulation 2024-2029
  • Table 64 Forecast Credit Cards Transactions 2024-2029
  • Table 65 Forecast Credit Cards in Circulation: % Growth 2024-2029
  • Table 66 Forecast Credit Cards Transactions: % Growth 2024-2029
  • Table 67 Forecast Commercial Credit Cards: Number of Cards in Circulation 2024-2029
  • Table 68 Forecast Commercial Credit Cards Transactions 2024-2029
  • Table 69 Forecast Commercial Credit Cards in Circulation: % Growth 2024-2029
  • Table 70 Forecast Commercial Credit Cards Transactions: % Growth 2024-2029
  • Table 71 Forecast Personal Credit Cards: Number of Cards in Circulation 2024-2029
  • Table 72 Forecast Personal Credit Cards Transactions 2024-2029
  • Table 73 Forecast Personal Credit Cards in Circulation: % Growth 2024-2029
  • Table 74 Forecast Personal Credit Cards Transactions: % Growth 2024-2029

CHARGE CARDS IN INDIA

KEY DATA FINDINGS

2024 DEVELOPMENTS

  • Stronger eligibility criteria continue to limit charge card demand
  • Merchant acceptance is relatively low, with average spend remaining high compared to other financial cards
  • American Express is the only charge cards issuer in India

PROSPECTS AND OPPORTUNITIES

  • Growth to remain subdued on the back of higher eligibility and lower consumer awareness
  • Credit cards seen as more viable credit instrument due to growing consumer financial literacy
  • Commercial charge cards offer opportunities through more tailored benefits

CATEGORY DATA

  • Table 103 Charge Cards: Number of Cards in Circulation 2019-2024
  • Table 104 Charge Cards Transactions 2019-2024
  • Table 105 Charge Cards in Circulation: % Growth 2019-2024
  • Table 106 Charge Cards Transactions: % Growth 2019-2024
  • Table 107 Personal Charge Cards: Number of Cards in Circulation 2019-2024
  • Table 108 Personal Charge Cards Transactions 2019-2024
  • Table 109 Personal Charge Cards in Circulation: % Growth 2019-2024
  • Table 110 Personal Charge Cards Transactions: % Growth 2019-2024
  • Table 111 Charge Cards: Number of Cards by Issuer 2019-2023
  • Table 112 Charge Cards: Number of Cards by Operator 2019-2023
  • Table 113 Charge Cards Payment Transaction Value by Issuer 2019-2023
  • Table 114 Charge Cards Payment Transaction Value by Operator 2019-2023
  • Table 115 Personal Charge Cards: Number of Cards by Issuer 2019-2023
  • Table 116 Personal Charge Cards: Number of Cards by Operator 2019-2023
  • Table 117 Personal Charge Cards Transaction Value by Issuer 2019-2023
  • Table 118 Personal Charge Cards Transaction Value by Operator 2019-2023
  • Table 119 Forecast Charge Cards: Number of Cards in Circulation 2024-2029
  • Table 120 Forecast Charge Cards Transactions 2024-2029
  • Table 121 Forecast Charge Cards in Circulation: % Growth 2024-2029
  • Table 122 Forecast Charge Cards Transactions: % Growth 2024-2029
  • Table 123 Forecast Personal Charge Cards: Number of Cards in Circulation 2024-2029
  • Table 124 Forecast Personal Charge Cards Transactions 2024-2029
  • Table 125 Forecast Personal Charge Cards in Circulation: % Growth 2024-2029
  • Table 126 Forecast Personal Charge Cards Transactions: % Growth 2024-2029

PRE-PAID CARDS IN INDIA

KEY DATA FINDINGS

2024 DEVELOPMENTS

  • Closed loop pre-paid cards benefit from growing demand for transportation cards
  • Enhanced security and fraud protection features provide boost, while low merchant acceptance level impacts open loop pre-paid cards
  • Demand for travel cards, driven by cost efficiency, benefits open loop pre-paid cards

PROSPECTS AND OPPORTUNITIES

  • Open loop pre-paid cards offer attractive opportunities
  • Slowdown in demand for gift cards and greater adoption of digital payment methods to create a challenge for pre-paid cards
  • Closed loop pre-paid cards growth to remain dependent on demand for public transportation

CATEGORY DATA

  • Table 75 Pre-paid Cards: Number of Cards in Circulation 2019-2024
  • Table 76 Pre-paid Cards Transactions 2019-2024
  • Table 77 Pre-paid Cards in Circulation: % Growth 2019-2024
  • Table 78 Pre-paid Cards Transactions: % Growth 2019-2024
  • Table 79 Closed Loop Pre-paid Cards Transactions 2019-2024
  • Table 80 Closed Loop Pre-paid Cards Transactions: % Growth 2019-2024
  • Table 81 Open Loop Pre-paid Cards Transactions 2019-2024
  • Table 82 Open Loop Pre-paid Cards Transactions: % Growth 2019-2024
  • Table 83 Pre-paid Cards: Number of Cards by Issuer 2019-2023
  • Table 84 Pre-paid Cards: Number of Cards by Operator 2019-2023
  • Table 85 Pre-paid Cards Transaction Value by Issuer 2019-2023
  • Table 86 Pre-paid Cards Transaction Value by Operator 2019-2023
  • Table 87 Closed Loop Pre-paid Cards: Number of Cards by Issuer 2019-2023
  • Table 88 Closed Loop Pre-paid Cards: Number of Cards by Operator 2019-2023
  • Table 89 Closed Loop Pre-paid Cards Transaction Value by Issuer 2019-2023
  • Table 90 Closed Loop Pre-paid Cards Transaction Value by Operator 2019-2023
  • Table 91 Open Loop Pre-paid Cards: Number of Cards by Issuer 2019-2023
  • Table 92 Open Loop Pre-paid Cards: Number of Cards by Operator 2019-2023
  • Table 93 Open Loop Pre-paid Cards Transaction Value by Issuer 2019-2023
  • Table 94 Open Loop Pre-paid Cards Transaction Value by Operator 2019-2023
  • Table 95 Forecast Pre-paid Cards: Number of Cards in Circulation 2024-2029
  • Table 96 Forecast Pre-paid Cards Transactions 2024-2029
  • Table 97 Forecast Pre-paid Cards in Circulation: % Growth 2024-2029
  • Table 98 Forecast Pre-paid Cards Transactions: % Growth 2024-2029
  • Table 99 Forecast Closed Loop Pre-paid Cards Transactions 2024-2029
  • Table 100 Forecast Closed Loop Pre-paid Cards Transactions: % Growth 2024-2029
  • Table 101 Forecast Open Loop Pre-paid Cards Transactions 2024-2029
  • Table 102 Forecast Open Loop Pre-paid Cards Transactions: % Growth 2024-2029
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