The total number of credit cards in India touched the mark of 48.9 million in May 2019 and doubled the circulation compared to three years back figure i.e. 24.5 million cards in the year 2015-16.
(Image Source: Economic Times)
The total transaction value and the number of transactions on credit cards have also gone drastically up in the last few years. Although the Debit Card industry is still leading in India with over 824 million circulated cards, however, the credit card industry is projected to catch up in the next 10-15 years.
Are you still relying on debit cards or are you also an active credit card user? If yes, comment below the name of the credit card that you are using. Cheers!!