The above graph represents the debit 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 420.82 million debit card transactions at POS terminals. That’s a significant increase from 407.38 million POS transactions completed in the previous month. The total amount transacted through debit cards at POS terminals also reached an all-time high of Rs 581.01 million in July 2019.

RegionIndia
SourceReserve Bank of India (RBI)
Last Updated16 September 2019
Graph ID456
DurationApril 2004 – July 2019

It is important to note that about 34% of the total debit card transactions in India in July 2019 were carried out through PoS terminals.

It was December 2016 when the total value of debit card transactions at POS terminals crossed Rs 500 billion mark for the first time in India. In fact, the usage of debit cards at POS spiked in the December month due to the cash crush of Rs 500 and Rs 1000 in the country. The total number of debit card transactions at POS terminals increased from 236.47 million in November 2016 to 415.46 million in December 2016. While the total amount transacted through debit card transactions at POS terminals increased Rs 321.74 billion in November 2016 to Rs 580.31 billion in December 2016. However, the usage of debit cards at POS started declining from January 2017.

Almost after 2 years in October 2018, the total value of debit card transactions at POS again crossed Rs 500 billion mark. The country has witnessed an impressive 18.3% month-over-month increase in the amount transacted through debit cards at POS. About 392.61 million debit card transactions valued at Rs 541.86 billion were completed through POS terminals in India in October month.

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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