Archive · 24 Jul 2025
India Credit and Charge Card Payments Projected to Exceed $300 Billion in 2025
India's credit and charge card market is growing fast.
People are using these cards more instead of cash.
In 2025, it's expected to reach a value of over $300 billion.
This growth is due to people liking online shopping and also because banks are offering great deals.
Banks also allow you to pay in monthly installments which helps people manage big purchases.
Experts predict it will keep growing quickly in the next few years, thanks to benefits and more places accepting them.
India's credit and charge card payments market is projected to reach $303.9 billion in 2025.
The market experienced a 27.9% growth in 2023 and a 15.3% increase in 2024.
Credit and charge cards are preferred for payments, with a higher payment frequency than debit cards.
Value-added benefits like discounts and cashback drive the dominance of these cards.
The market is expected to grow at a CAGR of 11.5% between 2025 and 2029.
- Who
- The market is driven by consumers and facilitated by banks and financial institutions.
- What
- India’s credit and charge card payments market is expected to grow significantly.
- When
- The market is projected to reach $303.9 billion in 2025 and continue growing through 2029.
- Where
- India
- Why
- Driven by increasing preference for non-cash transactions, economic conditions, and value-added benefits.
- Projected Market Value (2025)
- $303.9 billion
- Growth in 2023
- 27.9%
- Growth in 2024
- 15.3%
- CAGR (2025-2029)
- 11.5%
- Dominance in Transaction Value (2024)
- 81%