Financial Cards and Payments in India

Best Price Guarantee	Length	Publisher	Published Date	SKU
from $2,100	53 Pages	Euromonitor International	February, 2024	EP18537136

Best Price Guarantee
Price	from $2,100
Length	53 Pages
Publisher	Euromonitor International
Published Date	February, 2024
SKU	EP18537136

Financial Cards and Payments in India

A government-led financial inclusion initiative enticed a burgeoning population to embrace the formal banking sector, resulting in further uptake of financial cards, in particular, debit cards, in 2023. The Pradhan Mantri Jan Dhan Yojana (PMJDY) benefited in bringing a further proportion of the unbanked population as bank customers and the issuance of debit cards upon opening bank accounts became a crucial catalyst for significant volume growth observed in the number of debit cards issued during...

Euromonitor International'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, Mobile Payments, 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
Euromonitor International
February 2024
List Of Contents And Tables
FINANCIAL CARDS AND PAYMENTS IN INDIA
EXECUTIVE SUMMARY
Financial cards and payments in 2023: The big picture
2023 key trends
Financial card issuers leverage co-branded credit cards to address increasing competition from digital payment providers
Competitive landscape
What next for financial cards and payments?
MARKET INDICATORS: Table 1 Number of POS Terminals: Units 2018-2023; Table 2 Number of ATMs: Units 2018-2023; Table 3 Value Lost to Fraud 2018-2023; Table 4 Card Expenditure by Location 2023; Table 5 Financial Cards in Circulation by Type: % Number of Cards 2018-2023; Table 6 Domestic versus Foreign Spend 2023
MARKET DATA: Table 7 Financial Cards by Category: Number of Cards in Circulation 2018-2023; Table 8 Financial Cards by Category: Number of Accounts 2018-2023; Table 9 Financial Cards Transactions by Category: Value 2018-2023; Table 10 Financial Cards by Category: Number of Transactions 2018-2023; Table 11 Consumer Payments by Category: Value 2018-2023; Table 12 Consumer Payments by Category: Number of Transactions 2018-2023; Table 13 M-Commerce by Category: Value 2018-2023; Table 14 M-Commerce by Category: % Value Growth 2018-2023; Table 15 Financial Cards: Number of Cards by Issuer 2018-2022; Table 16 Financial Cards: Number of Cards by Operator 2018-2022; Table 17 Financial Cards: Card Payment Transactions Value by Operator 2018-2022; Table 18 Financial Cards: Card Payment Transactions Value by Issuer 2018-2022; Table 19 Forecast Financial Cards by Category: Number of Cards in Circulation 2023-2028; Table 20 Forecast Financial Cards by Category: Number of Accounts 2023-2028; Table 21 Forecast Financial Cards Transactions by Category: Value 2023-2028; Table 22 Forecast Financial Cards by Category: Number of Transactions 2023-2028; Table 23 Forecast Consumer Payments by Category: Value 2023-2028; Table 24 Forecast Consumer Payments by Category: Number of Transactions 2023-2028; Table 25 Forecast M-Commerce by Category: Value 2023-2028; Table 26 Forecast M-Commerce by Category: % Value Growth 2023-2028
DISCLAIMER
SOURCES: Summary 1 Research Sources
DEBIT CARDS IN INDIA
KEY DATA FINDINGS
2023 DEVELOPMENTS
Financial inclusion initiatives further drive debit card penetration
Average spend per debit card declines in 2023
Local RuPay leads and competes strongly with international card operators
PROSPECTS AND OPPORTUNITIES
Increasing numbers of Indians will access debit cards, while contactless card payments will grow
Rapid adoption of personal electronic direct transactions and shift towards online purchases to create long-term competition for debit cards
Regulatory changes set to intensify competitive landscape of card operators
CATEGORY DATA: Table 27 Debit Cards: Number of Cards in Circulation 2018-2023; Table 28 Debit Cards Transactions 2018-2023; Table 29 Debit Cards in Circulation: % Growth 2018-2023; Table 30 Debit Cards Transactions: % Growth 2018-2023; Table 31 Debit Cards: Number of Cards by Issuer 2018-2022; Table 32 Debit Cards: Number of Cards by Operator 2018-2022; Table 33 Debit Cards Payment Transaction Value by Issuer 2018-2022; Table 34 Debit Cards Payment Transaction Value by Operator 2018-2022; Table 35 Forecast Debit Cards: Number of Cards in Circulation 2023-2028; Table 36 Forecast Debit Cards Transactions 2023-2028; Table 37 Forecast Debit Cards in Circulation: % Growth 2023-2028; Table 38 Forecast Debit Cards Transactions: % Growth 2023-2028
CREDIT CARDS IN INDIA
KEY DATA FINDINGS
2023 DEVELOPMENTS
Credit card transactions post brisk growth as consumers resort to smart spending
Co-branded credit cards, driven by targeted benefits for consumers, gain further prominence in 2023
Competition intensifies with relative new entrant banks increasing their credit card portfolios
PROSPECTS AND OPPORTUNITIES
Regulatory revisions for card operators and easier access to credit via UPI set to influence credit card competitive landscape
Credit cards face bright future as issuers encourage uptake
Government financial inclusion initiative combined with significant underserved banking population offers growth potential for credit cards
CATEGORY DATA: Table 39 Credit Cards: Number of Cards in Circulation 2018-2023; Table 40 Credit Cards Transactions 2018-2023; Table 41 Credit Cards in Circulation: % Growth 2018-2023; Table 42 Credit Cards Transactions: % Growth 2018-2023; Table 43 Commercial Credit Cards: Number of Cards in Circulation 2018-2023; Table 44 Commercial Credit Cards Transactions 2018-2023; Table 45 Commercial Credit Cards in Circulation: % Growth 2018-2023; Table 46 Commercial Credit Cards Transactions: % Growth 2018-2023; Table 47 Personal Credit Cards: Number of Cards in Circulation 2018-2023; Table 48 Personal Credit Cards Transactions 2018-2023; Table 49 Personal Credit Cards in Circulation: % Growth 2018-2023; Table 50 Personal Credit Cards Transactions: % Growth 2018-2023; Table 51 Credit Cards: Number of Cards by Issuer 2018-2022; Table 52 Credit Cards: Number of Cards by Operator 2018-2022; Table 53 Credit Cards Payment Transaction Value by Issuer 2018-2022; Table 54 Credit Cards Payment Transaction Value by Operator 2018-2022; Table 55 Commercial Credit Cards: Number of Cards by Issuer 2018-2022; Table 56 Commercial Credit Cards: Number of Cards by Operator 2018-2022; Table 57 Commercial Credit Cards Payment Transaction Value by Issuer 2018-2022; Table 58 Commercial Credit Cards Payment Transaction Value by Operator 2018-2022; Table 59 Personal Credit Cards: Number of Cards by Issuer 2018-2022; Table 60 Personal Credit Cards: Number of Cards by Operator 2018-2022; Table 61 Personal Credit Cards Payment Transaction Value by Issuer 2018-2022; Table 62 Personal Credit Cards Payment Transaction Value by Operator 2018-2022; Table 63 Forecast Credit Cards: Number of Cards in Circulation 2023-2028; Table 64 Forecast Credit Cards Transactions 2023-2028; Table 65 Forecast Credit Cards in Circulation: % Growth 2023-2028; Table 66 Forecast Credit Cards Transactions: % Growth 2023-2028; Table 67 Forecast Commercial Credit Cards: Number of Cards in Circulation 2023-2028; Table 68 Forecast Commercial Credit Cards Transactions 2023-2028; Table 69 Forecast Commercial Credit Cards in Circulation: % Growth 2023-2028; Table 70 Forecast Commercial Credit Cards Transactions: % Growth 2023-2028; Table 71 Forecast Personal Credit Cards: Number of Cards in Circulation 2023-2028; Table 72 Forecast Personal Credit Cards Transactions 2023-2028; Table 73 Forecast Personal Credit Cards in Circulation: % Growth 2023-2028; Table 74 Forecast Personal Credit Cards Transactions: % Growth 2023-2028
CHARGE CARDS IN INDIA
KEY DATA FINDINGS
2023 DEVELOPMENTS
Charge cards remain a niche, targeting affluent consumers
Transaction spend on charge cards remains elevated in comparison to other financial cards
American Express is the sole local issuer and operator of charge cards in India
PROSPECTS AND OPPORTUNITIES
Charge cards will remain a small part of financial cards in the Indian market
Rising penetration of credit cards to challenge greater uptake of charge cards
American Express eyes further opportunities for growth of charge cards
CATEGORY DATA: Table 75 Charge Cards: Number of Cards in Circulation 2018-2023; Table 76 Charge Cards Transactions 2018-2023; Table 77 Charge Cards in Circulation: % Growth 2018-2023; Table 78 Charge Cards Transactions: % Growth 2018-2023; Table 79 Personal Charge Cards: Number of Cards in Circulation 2018-2023; Table 80 Personal Charge Cards Transactions 2018-2023; Table 81 Personal Charge Cards in Circulation: % Growth 2018-2023; Table 82 Personal Charge Cards Transactions: % Growth 2018-2023; Table 83 Charge Cards: Number of Cards by Issuer 2018-2022; Table 84 Charge Cards: Number of Cards by Operator 2018-2022; Table 85 Charge Cards Payment Transaction Value by Issuer 2018-2022; Table 86 Charge Cards Payment Transaction Value by Operator 2018-2022; Table 87 Personal Charge Cards: Number of Cards by Issuer 2018-2022; Table 88 Personal Charge Cards: Number of Cards by Operator 2018-2022; Table 89 Personal Charge Cards Transaction Value by Issuer 2018-2022; Table 90 Personal Charge Cards Transaction Value by Operator 2018-2022; Table 91 Forecast Charge Cards: Number of Cards in Circulation 2023-2028; Table 92 Forecast Charge Cards Transactions 2023-2028; Table 93 Forecast Charge Cards in Circulation: % Growth 2023-2028; Table 94 Forecast Charge Cards Transactions: % Growth 2023-2028; Table 95 Forecast Personal Charge Cards: Number of Cards in Circulation 2023-2028; Table 96 Forecast Personal Charge Cards Transactions 2023-2028; Table 97 Forecast Personal Charge Cards in Circulation: % Growth 2023-2028; Table 98 Forecast Personal Charge Cards Transactions: % Growth 2023-2028
PRE-PAID CARDS IN INDIA
KEY DATA FINDINGS
2023 DEVELOPMENTS
Slowdown in pre-paid card transactions due to rising competition from alternative products and full effect of regulatory revisions
Benefits of transportation cards drive uptake of closed loop pre-paid cards
Surge in outbound tourism fosters rise in demand for open loop travel cards
PROSPECTS AND OPPORTUNITIES
Flexibility of open loop pre-paid cards offers greater potential over forecast period
Rapid adoption of alternative options creates challenge for future of pre-paid cards
Public transport holds the key to bolstering demand for closed loop pre-paid cards
CATEGORY DATA: Table 99 Pre-paid Cards: Number of Cards in Circulation 2018-2023; Table 100 Pre-paid Cards Transactions 2018-2023; Table 101 Pre-paid Cards in Circulation: % Growth 2018-2023; Table 102 Pre-paid Cards Transactions: % Growth 2018-2023; Table 103 Closed Loop Pre-paid Cards Transactions 2018-2023; Table 104 Closed Loop Pre-paid Cards Transactions: % Growth 2018-2023; Table 105 Open Loop Pre-paid Cards Transactions 2018-2023; Table 106 Open Loop Pre-paid Cards Transactions: % Growth 2018-2023; Table 107 Pre-paid Cards: Number of Cards by Issuer 2018-2022; Table 108 Pre-paid Cards: Number of Cards by Operator 2018-2022; Table 109 Pre-paid Cards Transaction Value by Issuer 2018-2022; Table 110 Pre-paid Cards Transaction Value by Operator 2018-2022; Table 111 Closed Loop Pre-paid Cards: Number of Cards by Issuer 2018-2022; Table 112 Closed Loop Pre-paid Cards: Number of Cards by Operator 2018-2022; Table 113 Closed Loop Pre-paid Cards Transaction Value by Issuer 2018-2022; Table 114 Closed Loop Pre-paid Cards Transaction Value by Operator 2018-2022; Table 115 Open Loop Pre-paid Cards: Number of Cards by Issuer 2018-2022; Table 116 Open Loop Pre-paid Cards: Number of Cards by Operator 2018-2022; Table 117 Open Loop Pre-paid Cards Transaction Value by Issuer 2018-2022; Table 118 Open Loop Pre-paid Cards Transaction Value by Operator 2018-2022; Table 119 Forecast Pre-paid Cards: Number of Cards in Circulation 2023-2028; Table 120 Forecast Pre-paid Cards Transactions 2023-2028; Table 121 Forecast Pre-paid Cards in Circulation: % Growth 2023-2028; Table 122 Forecast Pre-paid Cards Transactions: % Growth 2023-2028; Table 123 Forecast Closed Loop Pre-paid Cards Transactions 2023-2028; Table 124 Forecast Closed Loop Pre-paid Cards Transactions: % Growth 2023-2028; Table 125 Forecast Open Loop Pre-paid Cards Transactions 2023-2028; Table 126 Forecast Open Loop Pre-paid Cards Transactions: % Growth 2023-2028