The market share of domestic card brand RuPay did not reach the same heights in India as either Visa or Mastercard. Visa, especially, is popular in the Asian country, with a market share in 2021 of nearly 50 percent, an increase of seven percentage points from the previous year. Mastercard's market share grew by five percentage points during the same timeframe. Although the share of cash in India declined significantly since COVID-19, it remained the most used in-store payment method. Noticeable is the growing use of credit cards for offline payments.
Market share of payment card brands - Visa, Mastercard, American Express, or in-market local card schemes - in India from 2016 to 2022
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Worldpay, & PPRO, & Statista. (January 1, 2024). Market share of payment card brands - Visa, Mastercard, American Express, or in-market local card schemes - in India from 2016 to 2022 [Graph]. In Statista. Retrieved January 05, 2025, from https://www.statista.com/statistics/1312422/biggest-card-schemes-in-india/
Worldpay, und PPRO, und Statista. "Market share of payment card brands - Visa, Mastercard, American Express, or in-market local card schemes - in India from 2016 to 2022." Chart. January 1, 2024. Statista. Accessed January 05, 2025. https://www.statista.com/statistics/1312422/biggest-card-schemes-in-india/
Worldpay, PPRO, Statista. (2024). Market share of payment card brands - Visa, Mastercard, American Express, or in-market local card schemes - in India from 2016 to 2022. Statista. Statista Inc.. Accessed: January 05, 2025. https://www.statista.com/statistics/1312422/biggest-card-schemes-in-india/
Worldpay, and PPRO, and Statista. "Market Share of Payment Card Brands - Visa, Mastercard, American Express, or In-market Local Card Schemes - in India from 2016 to 2022." Statista, Statista Inc., 1 Jan 2024, https://www.statista.com/statistics/1312422/biggest-card-schemes-in-india/
Worldpay & PPRO & Statista, Market share of payment card brands - Visa, Mastercard, American Express, or in-market local card schemes - in India from 2016 to 2022 Statista, https://www.statista.com/statistics/1312422/biggest-card-schemes-in-india/ (last visited January 05, 2025)
Market share of payment card brands - Visa, Mastercard, American Express, or in-market local card schemes - in India from 2016 to 2022 [Graph], Worldpay, & PPRO, & Statista, January 1, 2024. [Online]. Available: https://www.statista.com/statistics/1312422/biggest-card-schemes-in-india/
