In December 2024, complete variety of bank card was 108.06 million, a 10.4 percent year-on-year rise as contrasted to Dec 2023, reveals a record by Worldline India.
The record even more discloses that leading 5 companies of bank card were HDFC Bank, State Bank of India (SBI), ICICI Bank, Axis Bank and RBL Bank.
71 percent of bank card were provided by economic sector financial institutions while 24 percent by public market financial institutions. At the exact same time, 64 percent of debit cards were provided by public market financial institutions and 25 percent by economic sector financial institutions.
The staying cards were provided by settlement financial institutions, tiny financing financial institutions and international financial institutions.
Similar to card issuance, the quantity of card deals in 2H 2024 was 4.1 billion, a development of 11 percent from 2H 2023. Debit card deals in 2H 2024 were 0.82 billion, a 29 percent decrease off from 2H 2023 while pre paid card deals were 0.86 billion, a development of 11 percent.
Meanwhile, variety of bank card deals stood at 2.42 billion, a considerable dive of 36 percent when contrasted to 2H 2023.
Value of card deals
The worth of card deals in the 2nd fifty percent of 2024 was 13.64 trillion, a rise of 8 percent from 2H 2023. This development was mainly sustained by bank card. Credit card deals worth in 2H 2024 was 10.76 trillion, a solid increase of 14 percent from 2H 2023 while, throughout the exact same duration, debit cards purchase worth was 2.55 trillion, a loss of 16 percent and pre paid cards were 334 billion, a development of 38 percent.
The typical ticket dimension (ATS) for all cards in 2H 2024 was 2,645, a 4 percent decline from 2H 2023. Credit cards ATS in 2H 2024 was 4,436, a 16 percent decline and pre paid cards ATS was 388, a 25 percent rise and debit cards ATS was 3113, a solid 18 percent development.
The decrease in bank card ATS is a straightforward feature of greater variety of deals. Total card deals quantity on POS terminals in 2H 2024 was 2.27 billion, a 4 percent YoY rise.
During the exact same duration, bank card deals were 1.245 billion, a 34 percent increase while debit card deals were 607.5 million, a 27 percent autumn. The pre paid card deals were 422 million deals, lower 3 percent YoY.
The worth of card deals on PoS in 2H 2024 was 5.83 trillion, contrasted to 5.31 trillion a year prior to; a 10 percent rise. During the exact same amount of time, the worth of bank card deals was 4.07 trillion, a really healthy and balanced development of 24 percent while debit card deals worth was 1.70 trillion, an 14 percent decrease while pre paid cards was 56 billion, a development of 8 percent.
Total card deals quantity for on the internet deals in 2H 2024 saw a rise 21 percent to 1.83 billion when contrasted to 2H 2023. During the exact same amount of time, bank card deals enhanced by 38% to 1.181 billion while debit cards dropped by 33 percent to 211 million and pre paid cards expanded by 27% to 441.55 million
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