Financial Cards and Payments in India

Report
53 Pages
December 2022
Region: India
Euromonitor International
ID: 1345851

The number of financial cards in circulation and the value of transactions using financial cards continue to rise in 2022, following a positive performance the previous year as India started to recover from the impact of the pandemic, which included lockdowns and weak consumer confidence to spend.

The Financial Cards and Payments in India report establishes the size and structure of the market for ATMs cards, smart cards, credit cards, debit cards, charge cards, pre-paid cards and store cards. It looks at key players in the market (issuers and operators), number of cards in circulation, numbers transactions and value of transactions. It offers strategic analysis of sector forecasts and trends to watch.

Product coverage: Financial Cards in Circulation, M-Commerce, Transactions.

Data coverage: Market sizes (historic and forecasts), company shares, brand shares and distribution data.

Why buy this report?

Get a detailed picture of the Financial Cards and Payments market
Pinpoint growth sectors and identify factors driving change
Understand the competitive environment, the market’s major players and leading brands
Use five-year forecasts to assess how the market is predicted to develop.

FINANCIAL CARDS AND PAYMENTS IN INDIA

EXECUTIVE SUMMARY

Financial cards and payments in 2022: The big picture
2022 key trends
Greater return to normality drives up commercial card transactions and use of travel-related cards
Competitive landscape
What next for financial cards and payments?

MARKET INDICATORS

Table 1 Number of POS Terminals: Units 2017-2022
Table 2 Number of ATMs: Units 2017-2022
Table 3 Value Lost to Fraud 2017-2022
Table 4 Card Expenditure by Location 2022
Table 5 Financial Cards in Circulation by Type: % Number of Cards 2017-2022
Table 6 Domestic versus Foreign Spend 2022

MARKET DATA

Table 7 Financial Cards by Category: Number of Cards in Circulation 2017-2022
Table 8 Financial Cards by Category: Number of Accounts 2017-2022
Table 9 Financial Cards Transactions by Category: Value 2017-2022
Table 10 Financial Cards by Category: Number of Transactions 2017-2022
Table 11 Consumer Payments by Category: Value 2017-2022
Table 12 Consumer Payments by Category: Number of Transactions 2017-2022
Table 13 M-Commerce by Category: Value 2017-2022
Table 14 M-Commerce by Category: % Value Growth 2017-2022
Table 15 Financial Cards: Number of Cards by Issuer 2017-2021
Table 16 Financial Cards: Number of Cards by Operator 2017-2021
Table 17 Financial Cards: Card Payment Transactions Value by Operator 2017-2021
Table 18 Financial Cards: Card Payment Transactions Value by Issuer 2017-2021
Table 19 Forecast Financial Cards by Category: Number of Cards in Circulation 2022-2027
Table 20 Forecast Financial Cards by Category: Number of Accounts 2022-2027
Table 21 Forecast Financial Cards Transactions by Category: Value 2022-2027
Table 22 Forecast Financial Cards by Category: Number of Transactions 2022-2027
Table 23 Forecast Consumer Payments by Category: Value 2022-2027
Table 24 Forecast Consumer Payments by Category: Number of Transactions 2022-2027
Table 25 Forecast M-Commerce by Category: Value 2022-2027
Table 26 Forecast M-Commerce by Category: % Value Growth 2022-2027

DISCLAIMER

SOURCES

Summary 1 Research Sources

DEBIT CARDS IN INDIAKEY DATA FINDINGS

2022 DEVELOPMENTS

Increase in banked population helps to drive up demand for debit cards
Average spend remains elevated in 2022
RuPay remains dominant debit card in circulation

PROSPECTS AND OPPORTUNITIES

Versatility of debit cards will support further dynamic growth over forecast period
Dynamic growth of personal electronic direct/ACH transactions could hinder stronger performance by debit cards
More positive outlook for commercial debit cards

CATEGORY DATA

Table 27 Debit Cards: Number of Cards in Circulation 2017-2022
Table 28 Debit Cards Transactions 2017-2022
Table 29 Debit Cards in Circulation: % Growth 2017-2022
Table 30 Debit Cards Transactions: % Growth 2017-2022
Table 31 Debit Cards: Number of Cards by Issuer 2017-2021
Table 32 Debit Cards: Number of Cards by Operator 2017-2021
Table 33 Debit Cards Payment Transaction Value by Issuer 2017-2021
Table 34 Debit Cards Payment Transaction Value by Operator 2017-2021
Table 35 Forecast Debit Cards: Number of Cards in Circulation 2022-2027
Table 36 Forecast Debit Cards Transactions 2022-2027
Table 37 Forecast Debit Cards in Circulation: % Growth 2022-2027
Table 38 Forecast Debit Cards Transactions: % Growth 2022-2027

CREDIT CARDS IN INDIAKEY DATA FINDINGS

2022 DEVELOPMENTS

Credit cards continues to gain traction as operators entice consumers with rewards
Strong recovery for commercial credit cards in 2022
HDFC Bank Ltd remains leading local issuer, despite increasing competition

PROSPECTS AND OPPORTUNITIES

Greater access to credit cards to drive further demand
BNPL expected to become more regulated
Consumers increasingly attracted to additional benefits of credit cards

CATEGORY DATA

Table 39 Credit Cards: Number of Cards in Circulation 2017-2022
Table 40 Credit Cards Transactions 2017-2022
Table 41 Credit Cards in Circulation: % Growth 2017-2022
Table 42 Credit Cards Transactions: % Growth 2017-2022
Table 43 Commercial Credit Cards: Number of Cards in Circulation 2017-2022
Table 44 Commercial Credit Cards Transactions 2017-2022
Table 45 Commercial Credit Cards in Circulation: % Growth 2017-2022
Table 46 Commercial Credit Cards Transactions: % Growth 2017-2022
Table 47 Personal Credit Cards: Number of Cards in Circulation 2017-2022
Table 48 Personal Credit Cards Transactions 2017-2022
Table 49 Personal Credit Cards in Circulation: % Growth 2017-2022
Table 50 Personal Credit Cards Transactions: % Growth 2017-2022
Table 51 Credit Cards: Number of Cards by Issuer 2017-2021
Table 52 Credit Cards: Number of Cards by Operator 2017-2021
Table 53 Credit Cards Payment Transaction Value by Issuer 2017-2021
Table 54 Credit Cards Payment Transaction Value by Operator 2017-2021
Table 55 Commercial Credit Cards: Number of Cards by Issuer 2017-2021
Table 56 Commercial Credit Cards: Number of Cards by Operator 2017-2021
Table 57 Commercial Credit Cards Payment Transaction Value by Issuer 2017-2021
Table 58 Commercial Credit Cards Payment Transaction Value by Operator 2017-2021
Table 59 Personal Credit Cards: Number of Cards by Issuer 2017-2021
Table 60 Personal Credit Cards: Number of Cards by Operator 2017-2021
Table 61 Personal Credit Cards Payment Transaction Value by Issuer 2017-2021
Table 62 Personal Credit Cards Payment Transaction Value by Operator 2017-2021
Table 63 Forecast Credit Cards: Number of Cards in Circulation 2022-2027
Table 64 Forecast Credit Cards Transactions 2022-2027
Table 65 Forecast Credit Cards in Circulation: % Growth 2022-2027
Table 66 Forecast Credit Cards Transactions: % Growth 2022-2027
Table 67 Forecast Commercial Credit Cards: Number of Cards in Circulation 2022-2027
Table 68 Forecast Commercial Credit Cards Transactions 2022-2027
Table 69 Forecast Commercial Credit Cards in Circulation: % Growth 2022-2027
Table 70 Forecast Commercial Credit Cards Transactions: % Growth 2022-2027
Table 71 Forecast Personal Credit Cards: Number of Cards in Circulation 2022-2027
Table 72 Forecast Personal Credit Cards Transactions 2022-2027
Table 73 Forecast Personal Credit Cards in Circulation: % Growth 2022-2027
Table 74 Forecast Personal Credit Cards Transactions: % Growth 2022-2027

CHARGE CARDS IN INDIAKEY DATA FINDINGS

2022 DEVELOPMENTS

Charge cards remains a niche in India
Average spend per transaction remains high compared to other financial cards
American Express remains sole local issuer and operator in India in 2021

PROSPECTS AND OPPORTUNITIES

Despite further dynamic growth, penetration of charge cards in India will remain low
Consumers view credit cards as more viable option
American Express likely to explore further expansion opportunities

CATEGORY DATA

Table 75 Charge Cards: Number of Cards in Circulation 2017-2022
Table 76 Charge Cards Transactions 2017-2022
Table 77 Charge Cards in Circulation: % Growth 2017-2022
Table 78 Charge Cards Transactions: % Growth 2017-2022
Table 79 Personal Charge Cards: Number of Cards in Circulation 2017-2022
Table 80 Personal Charge Cards Transactions 2017-2022
Table 81 Personal Charge Cards in Circulation: % Growth 2017-2022
Table 82 Personal Charge Cards Transactions: % Growth 2017-2022
Table 83 Charge Cards: Number of Cards by Issuer 2017-2021
Table 84 Charge Cards: Number of Cards by Operator 2017-2021
Table 85 Charge Cards Payment Transaction Value by Issuer 2017-2021
Table 86 Charge Cards Payment Transaction Value by Operator 2017-2021
Table 87 Personal Charge Cards: Number of Cards by Issuer 2017-2021
Table 88 Personal Charge Cards: Number of Cards by Operator 2017-2021
Table 89 Personal Charge Cards Transaction Value by Issuer 2017-2021
Table 90 Personal Charge Cards Transaction Value by Operator 2017-2021
Table 91 Forecast Charge Cards: Number of Cards in Circulation 2022-2027
Table 92 Forecast Charge Cards Transactions 2022-2027
Table 93 Forecast Charge Cards in Circulation: % Growth 2022-2027
Table 94 Forecast Charge Cards Transactions: % Growth 2022-2027
Table 95 Forecast Personal Charge Cards: Number of Cards in Circulation 2022-2027
Table 96 Forecast Personal Charge Cards Transactions 2022-2027
Table 97 Forecast Personal Charge Cards in Circulation: % Growth 2022-2027
Table 98 Forecast Personal Charge Cards Transactions: % Growth 2022-2027

PRE-PAID CARDS IN INDIAKEY DATA FINDINGS

2022 DEVELOPMENTS

Transportation cards and merchant issued gift cards drive growth of closed loop pre-paid cards in India
Demand for travel cards benefits open loop pre-paid cards with dynamic growth
Further scope for expansion to attract unbanked population

PROSPECTS AND OPPORTUNITIES

Increase in metro connectivity to drive demand for closed loop pre-paid cards
Open loop pre-paid cards holds attractive opportunity for players
Growth of transactions via mobile wallets poses threat to pre-paid cards

CATEGORY DATA

Table 99 Pre-paid Cards: Number of Cards in Circulation 2017-2022
Table 100 Pre-paid Cards Transactions 2017-2022
Table 101 Pre-paid Cards in Circulation: % Growth 2017-2022
Table 102 Pre-paid Cards Transactions: % Growth 2017-2022
Table 103 Closed Loop Pre-paid Cards Transactions 2017-2022
Table 104 Closed Loop Pre-paid Cards Transactions: % Growth 2017-2022
Table 105 Open Loop Pre-paid Cards Transactions 2017-2022
Table 106 Open Loop Pre-paid Cards Transactions: % Growth 2017-2022
Table 107 Pre-paid Cards: Number of Cards by Issuer 2017-2021
Table 108 Pre-paid Cards: Number of Cards by Operator 2017-2021
Table 109 Pre-paid Cards Transaction Value by Issuer 2017-2021
Table 110 Pre-paid Cards Transaction Value by Operator 2017-2021
Table 111 Closed Loop Pre-paid Cards: Number of Cards by Issuer 2017-2021
Table 112 Closed Loop Pre-paid Cards: Number of Cards by Operator 2017-2021
Table 113 Closed Loop Pre-paid Cards Transaction Value by Issuer 2017-2021
Table 114 Closed Loop Pre-paid Cards Transaction Value by Operator 2017-2021
Table 115 Open Loop Pre-paid Cards: Number of Cards by Issuer 2017-2021
Table 116 Open Loop Pre-paid Cards: Number of Cards by Operator 2017-2021
Table 117 Open Loop Pre-paid Cards Transaction Value by Issuer 2017-2021
Table 118 Open Loop Pre-paid Cards Transaction Value by Operator 2017-2021
Table 119 Forecast Pre-paid Cards: Number of Cards in Circulation 2022-2027
Table 120 Forecast Pre-paid Cards Transactions 2022-2027
Table 121 Forecast Pre-paid Cards in Circulation: % Growth 2022-2027
Table 122 Forecast Pre-paid Cards Transactions: % Growth 2022-2027
Table 123 Forecast Closed Loop Pre-paid Cards Transactions 2022-2027
Table 124 Forecast Closed Loop Pre-paid Cards Transactions: % Growth 2022-2027
Table 125 Forecast Open Loop Pre-paid Cards Transactions 2022-2027
Table 126 Forecast Open Loop Pre-paid Cards Transactions: % Growth 2022-2027

STORE CARDS IN INDIA

2022 DEVELOPMENTS

PURCHASE OPTIONS

Single User License PDF

Site License PDF

Enterprise License PDF

need a quote ?

License	Format	Properties	Price
SINGLE USER LICENSE PDF	The product is a PDF.	This is a single user license, allowing one user access to the product.	€1750EUR$1,951USD£1,555GBP
SITE LICENSE PDF	The product is a PDF.	This is a site license, allowing all users within a given geographical location of your organization access to the product.	€3500EUR$3,903USD£3,110GBP
ENTERPRISE LICENSE PDF	The product is a PDF.	This is an enterprise license, allowing all employees within your organization access to the product.	€5250EUR$5,854USD£4,665GBP

Why buy this report?

Table of Contents

Related Topics

Related Reports

Asia-Pacific Payments Market - Growth, Trends, COVID-19 Impact, and Forecasts (2023-2028)

Global Gift Card and Incentive Card Market Intelligence and Future Growth Dynamics (Databook) - Market Size and Forecast - Q2 2023 Update

Mobile Wallet Market Report by Type (Proximity, Remote), Application (Retail, Hospitality and Transportation, Telecommunication, Healthcare, and Others), and Region 2023-2028

Financial Cards and Payments in Asia Pacific

Digital Payments in Mobility Index 2022:Where to Play Next?