Financial Cards and Payments in India

Description Table of
Contents

Significantly impacted by the response to the pandemic in India in 2020, in terms of lockdowns, the closure of non-essential stores, lack of mobility including travel restrictions and limited use of public transportation, and general caution over expenditure, particularly for discretionary big-ticket items, financial cards and payments witnessed notable declines for overall transaction value and number of transactions made.

The publisher's 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.

Note: Product cover images may vary from those shown

EXECUTIVE SUMMARY

Financial cards and payments in 2021: The big picture
2021 key trends
New regulations to reduce value lost to fraud
Card operators introduce new strategies to address increasing competition from digital payment providers
State Bank of India retains convincing leadership due to strong presence in debit cards
What next for financial cards and payments?

MARKET INDICATORS

Table 1 Number of POS Terminals: Units 2016-2021
Table 2 Number of ATMs: Units 2016-2021
Table 3 Value Lost to Fraud 2016-2021
Table 4 Card Expenditure by Location 2021
Table 5 Financial Cards in Circulation by Type: % Number of Cards 2016-2021
Table 6 Domestic versus Foreign Spend 2021

MARKET DATA

Table 7 Financial Cards by Category: Number of Cards in Circulation 2016-2021
Table 8 Financial Cards by Category: Number of Accounts 2016-2021
Table 9 Financial Cards Transactions by Category: Value 2016-2021
Table 10 Financial Cards by Category: Number of Transactions 2016-2021
Table 11 Consumer Payments by Category: Value 2016-2021
Table 12 Consumer Payments by Category: Number of Transactions 2016-2021
Table 13 M-Commerce by Category: Value 2016-2021
Table 14 M-Commerce by Category: % Value Growth 2016-2021
Table 15 Financial Cards: Number of Cards by Issuer 2016-2020
Table 16 Financial Cards: Number of Cards by Operator 2016-2020
Table 17 Financial Cards: Card Payment Transactions Value by Operator 2016-2020
Table 18 Financial Cards: Card Payment Transactions Value by Issuer 2016-2020
Table 19 Forecast Financial Cards by Category: Number of Cards in Circulation 2021-2026
Table 20 Forecast Financial Cards by Category: Number of Accounts 2021-2026
Table 21 Forecast Financial Cards Transactions by Category: Value 2021-2026
Table 22 Forecast Financial Cards by Category: Number of Transactions 2021-2026
Table 23 Forecast Consumer Payments by Category: Value 2021-2026
Table 24 Forecast Consumer Payments by Category: Number of Transactions 2021-2026
Table 25 Forecast M-Commerce by Category: Value 2021-2026
Table 26 Forecast M-Commerce by Category: % Value Growth 2021-2026

DISCLAIMER

SOURCES

Summary 1 Research Sources

DEBIT CARDS IN INDIAKEY DATA FINDINGS

2021 DEVELOPMENTS

Debit cards in India proves to be fairly resistant to pandemic
Full recovery for debit cards, with category expanding its reach
More positive outlook for commercial debit cards

PROSPECTS AND OPPORTUNITIES

Dynamic growth predicted for debit cards over the forecast period
Digital payments offer longer-term competition to debit cards
State Bank of India likely to remain as leading local issuer

CATEGORY DATA

Table 27 Debit Cards: Number of Cards in Circulation 2016-2021
Table 28 Debit Cards Transactions 2016-2021
Table 29 Debit Cards in Circulation: % Growth 2016-2021
Table 30 Debit Cards Transactions: % Growth 2016-2021
Table 31 Debit Cards: Number of Cards by Issuer 2016-2020
Table 32 Debit Cards: Number of Cards by Operator 2016-2020
Table 33 Debit Cards Payment Transaction Value by Issuer 2016-2020
Table 34 Debit Cards Payment Transaction Value by Operator 2016-2020
Table 35 Forecast Debit Cards: Number of Cards in Circulation 2021-2026
Table 36 Forecast Debit Cards Transactions 2021-2026
Table 37 Forecast Debit Cards in Circulation: % Growth 2021-2026
Table 38 Forecast Debit Cards Transactions: % Growth 2021-2026

CREDIT CARDS IN INDIAKEY DATA FINDINGS

2021 DEVELOPMENTS

Personal credit cards set to fully recover in 2021 due to easing of restrictions and inceasing consumer sentiment
Share gain for leading local issuers in 2021
Commercial credit cards struggles to fully recover

PROSPECTS AND OPPORTUNITIES

Strong performance predicted for credit cards
Consumers increasingly attracted to additional benefits of credit cards
Digital payment solutions could offer longer-term threat

CATEGORY DATA

Table 39 Credit Cards: Number of Cards in Circulation 2016-2021
Table 40 Credit Cards Transactions 2016-2021
Table 41 Credit Cards in Circulation: % Growth 2016-2021
Table 42 Credit Cards Transactions: % Growth 2016-2021
Table 43 Commercial Credit Cards: Number of Cards in Circulation 2016-2021
Table 44 Commercial Credit Cards Transactions 2016-2021
Table 45 Commercial Credit Cards in Circulation: % Growth 2016-2021
Table 46 Commercial Credit Cards Transactions: % Growth 2016-2021
Table 47 Personal Credit Cards: Number of Cards in Circulation 2016-2021
Table 48 Personal Credit Cards Transactions 2016-2021
Table 49 Personal Credit Cards in Circulation: % Growth 2016-2021
Table 50 Personal Credit Cards Transactions: % Growth 2016-2021
Table 51 Credit Cards: Number of Cards by Issuer 2016-2020
Table 52 Credit Cards: Number of Cards by Operator 2016-2020
Table 53 Credit Cards Payment Transaction Value by Issuer 2016-2020
Table 54 Credit Cards Payment Transaction Value by Operator 2016-2020
Table 55 Commercial Credit Cards: Number of Cards by Issuer 2016-2020
Table 56 Commercial Credit Cards: Number of Cards by Operator 2016-2020
Table 57 Commercial Credit Cards Payment Transaction Value by Issuer 2016-2020
Table 58 Commercial Credit Cards Payment Transaction Value by Operator 2016-2020
Table 59 Personal Credit Cards: Number of Cards by Issuer 2016-2020
Table 60 Personal Credit Cards: Number of Cards by Operator 2016-2020
Table 61 Personal Credit Cards Payment Transaction Value by Issuer 2016-2020
Table 62 Personal Credit Cards Payment Transaction Value by Operator 2016-2020
Table 63 Forecast Credit Cards: Number of Cards in Circulation 2021-2026
Table 64 Forecast Credit Cards Transactions 2021-2026
Table 65 Forecast Credit Cards in Circulation: % Growth 2021-2026
Table 66 Forecast Credit Cards Transactions: % Growth 2021-2026
Table 67 Forecast Commercial Credit Cards: Number of Cards in Circulation 2021-2026
Table 68 Forecast Commercial Credit Cards Transactions 2021-2026
Table 69 Forecast Commercial Credit Cards in Circulation: % Growth 2021-2026
Table 70 Forecast Commercial Credit Cards Transactions: % Growth 2021-2026
Table 71 Forecast Personal Credit Cards: Number of Cards in Circulation 2021-2026
Table 72 Forecast Personal Credit Cards Transactions 2021-2026
Table 73 Forecast Personal Credit Cards in Circulation: % Growth 2021-2026
Table 74 Forecast Personal Credit Cards Transactions: % Growth 2021-2026

CHARGE CARDS IN INDIAKEY DATA FINDINGS

2021 DEVELOPMENTS

Charge cards remains a niche, limited to affluent consumers
Transaction spend on charge cards set to recover in 2021
American Express remains sole issuer of charge cards in 2020

PROSPECTS AND OPPORTUNITIES

Usage of charge cards set to notably improve from 2022
Credit cards could challenge greater uptake of charge cards
American Express extends Shop Small campaign in 2021

CATEGORY DATA

Table 75 Charge Cards: Number of Cards in Circulation 2016-2021
Table 76 Charge Cards Transactions 2016-2021
Table 77 Charge Cards in Circulation: % Growth 2016-2021
Table 78 Charge Cards Transactions: % Growth 2016-2021
Table 79 Personal Charge Cards: Number of Cards in Circulation 2016-2021
Table 80 Personal Charge Cards Transactions 2016-2021
Table 81 Personal Charge Cards in Circulation: % Growth 2016-2021
Table 82 Personal Charge Cards Transactions: % Growth 2016-2021
Table 83 Charge Cards: Number of Cards by Issuer 2016-2020
Table 84 Charge Cards: Number of Cards by Operator 2016-2020
Table 85 Charge Cards Payment Transaction Value by Issuer 2016-2020
Table 86 Charge Cards Payment Transaction Value by Operator 2016-2020
Table 87 Personal Charge Cards: Number of Cards by Issuer 2016-2020
Table 88 Personal Charge Cards: Number of Cards by Operator 2016-2020
Table 89 Personal Charge Cards Transaction Value by Issuer 2016-2020
Table 90 Personal Charge Cards Transaction Value by Operator 2016-2020
Table 91 Forecast Charge Cards: Number of Cards in Circulation 2021-2026
Table 92 Forecast Charge Cards Transactions 2021-2026
Table 93 Forecast Charge Cards in Circulation: % Growth 2021-2026
Table 94 Forecast Charge Cards Transactions: % Growth 2021-2026
Table 95 Forecast Personal Charge Cards: Number of Cards in Circulation 2021-2026
Table 96 Forecast Personal Charge Cards Transactions 2021-2026
Table 97 Forecast Personal Charge Cards in Circulation: % Growth 2021-2026
Table 98 Forecast Personal Charge Cards Transactions: % Growth 2021-2026

PRE-PAID CARDS IN INDIAKEY DATA FINDINGS

2021 DEVELOPMENTS

Slower recovery for pre-paid cards predicted for 2021 in line with ongoing restrictions earlier in the year
Closed loop pre-paid cards continues to be impacted by caution over using public transport
Lower circulation of travel cards continues to impact open loop segment

PROSPECTS AND OPPORTUNITIES

Stronger performance predicted for open loop pre-paid cards, but overall category is set to fully recover
Further scope for expansion to attract unbanked
Digitalisation could offer longer-term threat, driven by tech-savvy consumers

CATEGORY DATA

Table 99 Pre-paid Cards: Number of Cards in Circulation 2016-2021
Table 100 Pre-paid Cards Transactions 2016-2021
Table 101 Pre-paid Cards in Circulation: % Growth 2016-2021
Table 102 Pre-paid Cards Transactions: % Growth 2016-2021
Table 103 Closed Loop Pre-paid Cards Transactions 2016-2021
Table 104 Closed Loop Pre-paid Cards Transactions: % Growth 2016-2021
Table 105 Open Loop Pre-paid Cards Transactions 2016-2021
Table 106 Open Loop Pre-paid Cards Transactions: % Growth 2016-2021
Table 107 Pre-paid Cards: Number of Cards by Issuer 2016-2020
Table 108 Pre-paid Cards: Number of Cards by Operator 2016-2020
Table 109 Pre-paid Cards Transaction Value by Issuer 2016-2020
Table 110 Pre-paid Cards Transaction Value by Operator 2016-2020
Table 111 Closed Loop Pre-paid Cards: Number of Cards by Issuer 2016-2020
Table 112 Closed Loop Pre-paid Cards: Number of Cards by Operator 2016-2020
Table 113 Closed Loop Pre-paid Cards Transaction Value by Issuer 2016-2020
Table 114 Closed Loop Pre-paid Cards Transaction Value by Operator 2016-2020
Table 115 Open Loop Pre-paid Cards: Number of Cards by Issuer 2016-2020
Table 116 Open Loop Pre-paid Cards: Number of Cards by Operator 2016-2020
Table 117 Open Loop Pre-paid Cards Transaction Value by Issuer 2016-2020
Table 118 Open Loop Pre-paid Cards Transaction Value by Operator 2016-2020
Table 119 Forecast Pre-paid Cards: Number of Cards in Circulation 2021-2026
Table 120 Forecast Pre-paid Cards Transactions 2021-2026
Table 121 Forecast Pre-paid Cards in Circulation: % Growth 2021-2026
Table 122 Forecast Pre-paid Cards Transactions: % Growth 2021-2026
Table 123 Forecast Closed Loop Pre-paid Cards Transactions 2021-2026
Table 124 Forecast Closed Loop Pre-paid Cards Transactions: % Growth 2021-2026
Table 125 Forecast Open Loop Pre-paid Cards Transactions 2021-2026
Table 126 Forecast Open Loop Pre-paid Cards Transactions: % Growth 2021-2026

STORE CARDS IN INDIA2021 DEVELOPMENTS

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