Research and Markets has announced the addition of the "India Cards and Payments Market - Size, Share, Development, Growth and Forecast to 2020" report to their offering.

In terms of number of cards in circulation, the Indian payment cards market is expected to grow at a CAGR of 10% over the period 2015-2020. The growth of cards in circulation in India, can be attributed to expansion of ATMs and POS terminals, growing disposable income and greater acceptance of payment cards in the country.

India GDP per capita increased from INR 80,358.3 in 2012 to INR 98,291.4 in 2014. GDP per capita is likely to increase further over the forecast period to INR 1,89,985.8 by 2020. The increase in GDP per capita income levels is expected to increase the scope of payment cards use over the forecast period.

Debit card dominated the Indian card payments market is terms of number of transactions and value of transactions. Debit card penetration per 100 inhabitants increased from 27 in 2012 to 37 in 2014. The growth of the debit card was fueled by consumer perceptions that they provide control on spending, and is safe to use. Debit cards are used by consumers to shop at retail outlets, withdraw cash from ATMs and make online payments. State Bank of India was the leading bank in terms of the number of debit cards issued in 2014, accounting for around one third of the total number of debit cards issued in India.

Credit cards are primarily used by consumers at POS terminals for retail purchases, rather than for cash withdrawals at ATMs. Visa was the leading scheme in the credit card market in 2014. Charge cards have a very minor share in the payment cards market. Over the period 2012-14 charge cards recorded a CAGR of 4%. In 2014, there were 0.5 million charge cards in India, with only 0.1% share of the total payment card market.

Key players in the Indian cards and payments market:

  • State bank of India
  • Punjab National Bank
  • Axis Bank Ltd
  • HDFC Bank Ltd
  • ICICI Bank Ltd

Key Topics Covered:

1. Definitions

2. Research Methodology

3. Executive Summary

4. Key Industry Drivers

5. Asia-Pacific Payment Card Penetration

6. Payment Channels

7. Terminal Statistics

8. Payment Card Market Analysis

9. Debit Card Market Analysis

10. Credit Card Market Analysis

11. Charge Card Market Analysis

12. Card Fraud

13. Prepaid Card Market Analysis

14. Card Market By Customer Segments

15. Competitive Landscape

16. Appendix

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