Bank card transactions have surged over time, with transaction volumes rising from 208.7 crore in 2019 to 447.2 crore in 2024, whereas worth rose from ₹7.1 lakh crore to ₹20.4 lakh crore.
| Picture Credit score:
Kunakorn Rassadornyindee
Personal sector banks proceed to dominate within the bank card house in India, specializing in digital and co-branded choices for patrons, as their market share elevated from 65.8 per cent in June 2020 to 70.8 per cent in June 2025, in accordance with the Reserve Financial institution of India (RBI’s) newest funds system report.
The share of public sector banks (PSBs), in the meantime, grew from 22.5 per cent to 24.1 per cent throughout the identical interval. In distinction, the market share of overseas banks noticed a steep decline, from 11.7 per cent to 4.1 per cent, as their excellent bank cards decreased from 67 lakh to 45 lakh playing cards. Small finance banks (SFBs), in the meantime, issued 10 lakh bank cards by June 2025.
Bank card transactions have surged over time, with transaction volumes rising from 208.7 crore in 2019 to 447.2 crore in 2024, whereas worth rose from ₹7.1 lakh crore to ₹20.4 lakh crore. In January-June 2025 interval, 266.3 crore transactions amounting to ₹ 11.1 lakh crore had been recorded.
Transactions in debit playing cards, nevertheless, have witnessed a decline since 2019, each in quantity and worth. Total, as of June 2025, there have been 111.64 crore excellent playing cards in India, together with 11.12 crore bank cards and 100.52 crore debit playing cards.
Broader funds programs
The report famous that the broader funds ecosystem in India has witnessed a pointy development lately. When it comes to quantity, fee transactions grew from 3,248 crore in 2019 to twenty,849 crore in 2024, and, by way of worth, from ₹1,775 lakh crore to ₹2,830 lakh crore throughout this era. Within the half yr ending June 2025, transaction quantity was at 12,549 crore, amounting to ₹1,572 lakh crore.
“The CCIL-operated LVPS embody the Authorities Securities Market, Foreign exchange Clearing, and Rupee By-product Markets. Lately, the CCIL transactions have noticed an rising development. When it comes to quantity, they elevated from 35 lakh in CY 2019 to 45 lakh in CY 2024, whereas, by way of worth, they elevated from ₹1,270 lakh crore to ₹2,780 lakh crore throughout this era. Through the first half of 2025, a complete of 28.8 lakh transactions of ₹1,734 lakh crore in worth had been recorded,” the report mentioned.
UPI, in the meantime, has turn out to be probably the most broadly used retail quick fee system (FPS) in India due to its effectivity, round the clock availability, and ease of use. In January-June 2025, the amount of UPI transactions stood at 10,637 crore, amounting to ₹143.3 lakh crore in worth. The decrease common ticket measurement of UPI transactions signifies that UPI is used primarily for small worth transactions.
Remittance, cross-border funds dangers
The RBI report said that India stays the highest recipient of world overseas remittances, with a file $137.7 billion in inflows in 2024 – greater than double that of Mexico, the second-highest recipient with $67.6 billion. The US, in the meantime, constantly leads world remittance outflows, sending $98.4 billion in 2024, considerably greater than different nations like Saudi Arabia and Switzerland, which contribute $46.6 billion and $37.8 billion, respectively. Remittance outflows from Switzerland and Germany have additionally usually elevated, the report mentioned.
Among the many rising themes more likely to form cross-border funds, geopolitical danger stands out as significantly impactful, the regulator mentioned. Geopolitical tensions pose vital dangers to cross-border funds and monetary flows, given the centralised nature of world monetary infrastructure and reliance on choose settlement currencies.
“Sanctions, restrictions on monetary programs or currencies, and different operational boundaries can disrupt markets and entry. Affected nations might reply by growing bilateral or multilateral options to safeguard towards such disruptions,” it mentioned.
Revealed on October 23, 2025
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