Volume of card payments India FY 2014-2024, by type

Published by Sandhya Keelery, Feb 18, 2025

The volume of debit card payments in India for the fiscal year 2024 was over two billion, while the volume of credit card payment was estimated at 3.5 billion during the same time period. The government initiatives made the accessibility and use of digital payments widespread, aspiring to make India a cashless economy.

Volume of card payments in India from financial year 2014 to 2024, by type (in billions)

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Release date

September 2024

Region

India

Survey time period

FY 2014 to FY 2024

Supplementary notes

India's financial year begins in April and ends in March. For example, FY 2024 started in April 2023 and ended in March 2024. 

Values have been rounded.

The figures for cards are for transactions at point of sale (POS) terminals only, which include online transactions.

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