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Charge Cards in India

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    Report

  • 21 Pages
  • July 2025
  • Region: India
  • Euromonitor International
  • ID: 1543087
Charge cards remain a niche category within the financial cards and payments market in India largely due to the stronger eligibility criteria for issuance of such products. The eligibility criteria for a charge card in terms of credit score requirement, minimum salary requirement and so on is high compared to that of a credit card, which means that these cards are restricted to high income consumers.

The Charge Card Transactions 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: Commercial Charge Card Transactions, Personal Charge Card 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 Charge Card Transactions 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.

Table of Contents

KEY DATA FINDINGS
2024 DEVELOPMENTS
  • Stronger eligibility criteria continue to limit charge card demand
  • Merchant acceptance is relatively low, with average spend remaining high compared to other financial cards
  • American Express is the only charge cards issuer in India
PROSPECTS AND OPPORTUNITIES
  • Growth to remain subdued on the back of higher eligibility and lower consumer awareness
  • Credit cards seen as more viable credit instrument due to growing consumer financial literacy
  • Commercial charge cards offer opportunities through more tailored benefits
CATEGORY DATA
  • Table 1 Charge Cards: Number of Cards in Circulation 2019-2024
  • Table 2 Charge Cards Transactions 2019-2024
  • Table 3 Charge Cards in Circulation: % Growth 2019-2024
  • Table 4 Charge Cards Transactions: % Growth 2019-2024
  • Table 5 Personal Charge Cards: Number of Cards in Circulation 2019-2024
  • Table 6 Personal Charge Cards Transactions 2019-2024
  • Table 7 Personal Charge Cards in Circulation: % Growth 2019-2024
  • Table 8 Personal Charge Cards Transactions: % Growth 2019-2024
  • Table 9 Charge Cards: Number of Cards by Issuer 2019-2023
  • Table 10 Charge Cards: Number of Cards by Operator 2019-2023
  • Table 11 Charge Cards Payment Transaction Value by Issuer 2019-2023
  • Table 12 Charge Cards Payment Transaction Value by Operator 2019-2023
  • Table 13 Personal Charge Cards: Number of Cards by Issuer 2019-2023
  • Table 14 Personal Charge Cards: Number of Cards by Operator 2019-2023
  • Table 15 Personal Charge Cards Transaction Value by Issuer 2019-2023
  • Table 16 Personal Charge Cards Transaction Value by Operator 2019-2023
  • Table 17 Forecast Charge Cards: Number of Cards in Circulation 2024-2029
  • Table 18 Forecast Charge Cards Transactions 2024-2029
  • Table 19 Forecast Charge Cards in Circulation: % Growth 2024-2029
  • Table 20 Forecast Charge Cards Transactions: % Growth 2024-2029
  • Table 21 Forecast Personal Charge Cards: Number of Cards in Circulation 2024-2029
  • Table 22 Forecast Personal Charge Cards Transactions 2024-2029
  • Table 23 Forecast Personal Charge Cards in Circulation: % Growth 2024-2029
  • Table 24 Forecast Personal Charge Cards Transactions: % Growth 2024-2029
FINANCIAL CARDS AND PAYMENTS IN INDIA
EXECUTIVE SUMMARY
  • Financial cards and payments in 2024: The big picture
  • 2024 key trends
  • Co-branded cards remain a focus to provide more tailored benefits
  • Competitive landscape
  • What next for financial cards and payments?
MARKET INDICATORS
  • Table 25 Number of POS Terminals: Units 2019-2024
  • Table 26 Number of ATMs: Units 2019-2024
  • Table 27 Value Lost to Fraud 2019-2024
  • Table 28 Card Expenditure by Location 2024
  • Table 29 Financial Cards in Circulation by Type: % Number of Cards 2019-2024
  • Table 30 Domestic versus Foreign Spend 2024
MARKET DATA
  • Table 31 Financial Cards by Category: Number of Cards in Circulation 2019-2024
  • Table 32 Financial Cards by Category: Number of Accounts 2019-2024
  • Table 33 Financial Cards Transactions by Category: Value 2019-2024
  • Table 34 Financial Cards by Category: Number of Transactions 2019-2024
  • Table 35 Consumer Payments by Category: Value 2019-2024
  • Table 36 Consumer Payments by Category: Number of Transactions 2019-2024
  • Table 37 M-Commerce by Category: Value 2019-2024
  • Table 38 M-Commerce by Category: % Value Growth 2019-2024
  • Table 39 Financial Cards: Number of Cards by Issuer 2019-2023
  • Table 40 Financial Cards: Number of Cards by Operator 2019-2023
  • Table 41 Financial Cards: Card Payment Transactions Value by Operator 2019-2023
  • Table 42 Financial Cards: Card Payment Transactions Value by Issuer 2019-2023
  • Table 43 Forecast Financial Cards by Category: Number of Cards in Circulation 2024-2029
  • Table 44 Forecast Financial Cards by Category: Number of Accounts 2024-2029
  • Table 45 Forecast Financial Cards Transactions by Category: Value 2024-2029
  • Table 46 Forecast Financial Cards by Category: Number of Transactions 2024-2029
  • Table 47 Forecast Consumer Payments by Category: Value 2024-2029
  • Table 48 Forecast Consumer Payments by Category: Number of Transactions 2024-2029
  • Table 49 Forecast M-Commerce by Category: Value 2024-2029
  • Table 50 Forecast M-Commerce by Category: % Value Growth 2024-2029
DISCLAIMER
SOURCES
  • Summary 1 Research Sources