Volume of card payments India FY 2014-2022, by type
The volume of debit card payments in India for the fiscal year 2022 was over three billion, while the volume of credit card payment was estimated at over 2.24 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. The Indian digital payments market was estimated to reach the one trillion U.S. dollar mark by the year 2023.
