Penetration of Credit and Debit card in India

1) India’s population ( 2007) -1.12 Bil

Source: www.wikipedia.com

2) Population Having Bank Account -660 Million
Source: http://www.etalkindia.com/; www.indianpad.com; www.bis.org

3) Debit card users in India -70 million
Source: : http://globaltechforum.eiu.com

4) Credit card users in India -22 Million
Source: www.thehindubusinessline.com

5) Transaction through Debit card in India -INR 120 Billion
Source: http://www.cardbhai.com/

6) Transaction through ATM card in India -INR 650 Billion
Source: http://www.cardbhai.com/

7) Transaction through Credit card in India -INR 450 Billion
Source: http://www.cardbhai.com/




Note: ATM is considered as Debit card, so according to above figures the total transaction through Debit Cards will be INR 770 Billion ( INR 120 Bn + INR650 Bn)