Size of Debit + Credit Card Market in India

We at CardBhai continuously use lot of data from RBI for internal Research Purpose. Excerpts of this research is made available to you.

During the Last Financial Year – Apr-2009 to March-2010, Indians spent a total of Rs 62,872.23 cr [USD 13.97] on Credit Cards and Rs 26,172.45 cr [ USD 5.81 Bn] using their Debit Cards. Most of the transaction was reported on VISA and MASTERCARD. Debit Card Purchases saw big leap from USD 4.1 Bn in FY 2008-09 to USD 5.81 Bn in FY 2009-10.

The Total Plastics Card Market in India during the last Financial Year was USD 19.78 Bn marginally up from USD 18.64 Bn in FY 2008-09.

Additionally, we wanted to know the size ticket of each of the transactions. Data from RBI suggests us that – The Average Credit Card Transaction was worthy of Rs 2676.54 up from Rs 2517.52 in FY 2008-09. The Average Debit Card Transaction was worthy of Rs 1553.26 up from Rs 1453.52 in FY 2008-09.

Indian still transact a lot in Cash due to the failure on the part of successive Governments to encourage an ecosystem for e-money and curb blackmoney, which is running as a parallel economy with support from vested interests within the Government.

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