The above graph represents the total value of credit card transactions in India by month. In July 2019, about 179.3 million transactions were completed through credit cards in India – the highest-ever till date. The total amount transacted through credit cards in India stood at Rs 600.20 billion during the same time.

RegionIndia
SourceReserve Bank of India (RBI)
Last Updated11 September 2019
Graph ID447
DurationFrom April 2004 to July 2019

One must note that the highest amount of money transacted through credit cards in a single month was Rs 617 billion in May 2019.

It was October 2018 when the total value of credit card transactions in India crossed Rs 500 billion for the first time. About 161.97 million transactions valued at Rs 566.02 billion were taken place in the country. That’s a significant increase from Rs 464.79 billion amount transacted in the previous month.

India has seen a significant increase in its total value of credit card transaction between April 2012 and August 2015 – increased from Rs 102.21 billion to Rs 201.57 billion. Almost after one year in October 2016, India has achieved another milestone – the total amount transacted through credit cards crossed Rs 302.42 billion for the first time.

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.

Paid Listing