The above graph represents the monthly distribution of the total number of POS transactions through credit and debit cards in India. The POS (Point of Sale) terminal is an electronic device that is used to process the credit/debit card payments at retail locations. As per the RBI data, Indians apparently increased their usage of credit and debit cards to pay merchants directly. In July 2019, the number of POS transactions through credit and debit cards reached an all-time high of 178.41 million and 420.82 million, respectively.

RegionIndia
SourceReserve Bank of India (RBI)
Last Updated16 September 2019
Graph ID457
DurationApril 2004 – July 2019

The credit card swipes at POS terminals grew 9.3% month-over-month, while the debit card swipes at POS terminals grew 3.3% month-over-month in July month.

One must note that the usages of debit and credit cards at POS machines rose both in terms of volume and value at the time of demonetisation during late 2016. The POS-based credit card transactions increased from just 97.9 million in November 2016 to a huge 116.08 million in December 2016. On the other hand, POS-based debit card transactions increased from 236.47 million to 415.46 million during the same period.

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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