The above graph represents the total value of credit and debit card transactions in India by month, starting from April 2004 to July 2019. The usage of credit and debit cards at POS terminals has been increasing by each passing month. In July 2019, about Rs 596.11 billion worth of transactions were taken place through credit cards at POS machines in India. That’s a significant increase when compared to the Rs 569.28 billion POS-based transactions carried out through credit cards in the previous month.

RegionIndia
SourceReserve Bank of India (RBI)
Last Updated16 September 2019
Graph ID458
DurationApril 2004 – July 2019

On the other hand, the debit card transactions at POS machines reached a new peak in terms of value – increased from Rs 570.42 billion in June 2019 to 581.01 billion in July 2019.

The total amount transacted through credit cards at POS terminals increased from Rs 577.14 billion in April 2019 to Rs 612.82 billion in May 2019 – the highest-ever till date in a single month.

Interestingly, it was the first time in October 2018 when the POS-based credit and debit card transactions in India crossed Rs 500 billion in value.

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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