In December 2024, the total number of credit cards was 108.06 million, an increase of 10.4 percent on an annual basis compared to December 2023, a report from Worldline India.
The report also shows that the top five Empartents of CreditCards HDFC Bank, State Bank of India (SBI), Icici Bank, Axis Bank and RBL Bank were.
71 percent of the credit cards were issued by banks in the private sector, while 24 percent by banks in the public sector. At the same time, 64 percent of debit cards were issued by banks in the public sector and 25 percent by banks in the private sector.
The remaining maps were issued by payment banks, small financial banks and foreign banks.
As with the issue of the map, the volume of card transactions in 2h 2024 was 4.1 billion, a growth of 11 percent compared to 2h 2023. debit card transactions in 2 hours 2024 were 0.82 billion, a decrease of 29 percent of 2h 2023, while the prepaid card transactions were a growth of 11 percent.
In the meantime, the number of credit card transactions was 2.42 billion, a considerable jump of 36 percent compared to 2h 2023.
Value of card transactions
The value of card transactions in the second half of 2024 was £13.64 trillion, an increase of 8 percent compared to 2 hours 2023. This growth was largely supported by credit cards. Credit card transactions value in 2h 2024 was £10.76 trillion, a strong increase of 14 percent compared to 2h 2023, while, during the same period, debit cards was transaction value £2.55 trillion, a decrease of 16 percent and prepaid cards were £334 billion, a growth of 38 percent.
The average ticket size (ATS) for all tickets in 2h 2024 was £2,645, a decrease of 4 percent compared to 2h 2023. Credit cards ATS in 2h 2024 was £4,436, a decrease of 16 percent and prepaid cards was ATS £388, an increase of 25 percent and debit cards ATS was £3113, a strong growth of 18 percent.
The decrease in the credit card ATS is a simple function of a higher number of transactions. Total card transaction volume on POS terminals in 2h 2024 was 2.27 billion, an increase of 4 percent yoj.
During the same period, credit card transactions were 1,245 billion, an increase of 34 percent, while debit card transactions were 607.5 million, a decrease of 27 percent. The prepaid card transactions were 422 million transactions and fell by 3 percent yoj.
The value of card transactions on POS was in 2h 2024 £5.83 trillion, compared to £5.31 trillion a year earlier; An increase of 10 percent. In the same period was the value of credit card transactions £4.07 trillion, a very healthy growth of 24 percent, while the value of the debit card transactions was £1.70 trillion, a decrease of 14 percent while prepaid cards £56 billion, a growth of 8 percent.
Total card transactions Volume for online transactions in 2h 2024 saw an increase of 21 percent to 1.83 billion compared to 2 hours 2023. During the same period, credit card transactions rose by 38% to 1.181 billion, while debit cards fell by 33 to 21155 and PREPAID cards grew by 27%
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