India’s payment services market debit card transaction value by POS and ATMs (® in billions)

45,000.
40,000.
35,000.

Debit Cards- Transaction Value

FY16

FY17 FY18 FY19

matATMs mat POS

Source: India Payment Services Market Outlook to 2026, Ken Research, August 2021.

Number of POS Terminals

eo

FY20

FY21

Number of POS terminals in India’s payment services market by type of terminal (in millions)

 

 

 

 

 

 

Termi Financial Year
mul CAGR %
Type FY16 FY17 FY18 FY19 FY20 FY21
Online 1.385 2.526 3.087 3.722 4.434 4.720 27.7%
Offline 00003 00003 NA NA NA NA NA
Total 1.386 2.529 3.083 3.722 4.434 4.720 27.7%

 

 

 

 

 

 

 

 

Note: 1) N.A. refers to “not available.” 2) The data was recorded as of March 31 of every financial year:
Offline POS refers to POS machine which works on offline cache; when the offline POS terminal reconnects to the primary server,
all transaction information, including all manually entered customer data that took place in the offline state, is replicated to the
primary server and can be viewed in the Electronic Journal Viewer. This machine can perform basic transaction processing
functions while being disconnected from any other system/network.

Source: India Payment Services Market Outlook to 2026, Ken Research, August 2021.

Number of Outstanding Cards in India’s Payment Services Market

Number of outstanding cards in India’s payment services market (in millions)

1,200
3
= 1,000
0
FE 800
3H
ES 600
33
Br 400
g&
‘6
sa 200
2 0
5
Zz

553.45

FY15

905.81
771.65 861.08
661.82
= — —
FY16 FY17 FY18 FY19

Credit Cards ™ Debit Cards

828.56

FY20

898.20

FY21

Note: 1) The data was recorded as of March 31 of every financial year. 2) Total numbers of debit cards and credit cards issued
outstanding are after adjusting the number of cards withdrawn or cancelled.
Source: India Payment Services Market Outlook to 2026, Ken Research, August 2021.

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