The above graph represents the credit card usage at POS terminals in India, by month. The POS (Point of Sale) terminal is an electronic device that is used to process the credit/debit card payments at retail locations. In July 2019, India recorded its highest ever volume of 178.4 million credit card transactions through POS terminals. That represented nearly 9.3% month-over-month increase in volume. The total amount transacted through credit cards at POS also increased nearly 4.7% month-over-month to Rs 596.11 billion during the same time.

RegionIndia
SourceReserve Bank of India (RBI)
Last Updated16 September 2019
Graph ID455
DurationApril 2004 – July 2019

One must note that over 99% of the total credit card transactions in India in July 2019 were recorded through POS terminals.

December 2016 was the first time when the total number credit card transactions at POS terminals crossed the 100-million mark. About 116.08 million POS transactions were carried out through credit cards, worth Rs 311.49 billion in India. That was mainly due to the demonetisation of Rs 500 and Rs 100 in the country. People in India were forced to make online payments to buy goods and services.

The maximum amount transacted through credit card at POS terminals was Rs 612.82 billion in May 2019. That was a notable 6.18% month-over-month increase.

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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