The above graph represents the total number of card transactions in India by month, starting from April 2004 to July 2019. The number of card transactions (including Credit and Debit cards) in India increased to 1,416.09 million in July 2019, from 1,371.91 million in June 2019. That’s nearly 3% month-over-month growth.

RegionIndia
SourceReserve Bank of India (RBI)
Last Updated11 September 2019
Graph ID164
NoteIndia’s Fiscal Year – April 01 – March 31

The total number of card transactions includes the credit card and debit card transactions recorded in a particular month.

About 1,462.26 million card transactions were recorded in the month of March 2019 – the highest-ever till date, in a single month. This was an impressive 11.9% month-over-month increase.

It was October 2016 when the total number of card transactions in India crossed 1 billion (1000 million) mark. The total card volume increased to 1,032.14 million in October, from 945.86 million in September month of fiscal 2016. Since then the figure has been hovering above 1 billion, except in November 2016, when 896.14 million transactions were completed.

Note: From April 2011, RBI started releasing the data for Credit and Debit cards usage at ATMs. Before that, the total number of Credit/Debit card transactions includes only Credit/Debit usages at POS, not usage at ATMs. That’s the reason, a huge jump of 894.7% M-o-M in the total number of card transactions (Credit + Debit) in India noted in the month of April 2011. The total card volume increased from just 44.78 million in March 2011 to a whopping 445.41 million in April 2011.

Digital Transactions In India: Additional Information

The internet revolution has resulted in exploded adoption of digital methods of transactions worldwide. The users of Credit & Debit cards, mobile and internet nowadays are far more aware and digitally empowered with making financial transactions. In the last few years, however, digital transactions have branched out into multiple types of financial transactions.

Started with the use of Credit and Debit cards at POS in large retail stores, digital transactions industry has come a long way. The introduction of mobile wallets and UPI have transformed the whole digital transaction industry in India. RTGS (Real Time Gross Settlement), NEFT (National Electronic Fund Transfer), CTS (Cheque Truncation System), IMPS (Immediate Payment Service), NACH (National Automated Clearing House), UPI (Unified Payments Interface) and PPI (Prepaid Payment Instruments) are the main type of financial transactions that fall under the Digital transaction category.

Digital transactions save time and money, resulting in a better bottom line. Customer experiences are also enhanced (think of the convenience of eSigning versus having to print a contract, sign it, and then return it by mail or fax). And digital transactions improve tracking capabilities, which helps reduce errors.

The exploded adoption of smartphones, mobile apps and mobile internet has helped Digital transaction industry to grow at an unprecedented rate. With more than 500 million smartphone users, India is one of the largest countries by the number of digital transactions that are recorded every month.


The above graph is a part of Dazeinfo GraphFarm – the most trusted source of hundreds of thousands of market graphs. Our team of researchers mines millions of data points every month to bring the most updated and validated set of data points representing the comprehensive view in a graphical format. From mobile to e-commerce, from Retail to healthcare, from startups to SMEs we have carefully designed thousands of graphs for those who value and understand the importance of data visualisation.

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