Kolkata, New Delhi, INDIA. New York, USA.
Business To Business, Mumbai, 18th May, 2026: Reserve Bank of India on Monday said credit card transactions in India increased more than 2.6 times between calendar years 2021 and 2025, with private sector banks strengthening their dominance in the segment.
According to the RBI’s Payment System Report for December 2025, credit card transaction volumes rose from 216 crore in 2021 to 570 crore in 2025.
The value of credit card transactions also surged from Rs 8.9 lakh crore to Rs 23.2 lakh crore during the same period, reflecting an annual growth rate of around 27 per cent.
In contrast, debit card usage declined significantly. Transaction volumes fell from 408.7 crore in 2021 to 133.6 crore in 2025, while transaction value dropped from Rs 7.4 lakh crore to Rs 4.5 lakh crore.
The data highlights the rapid shift in consumer payment behaviour toward credit-based and digital spending instruments, alongside the expanding role of private banks in India’s retail payments ecosystem.