{
 "name": "India Card & PPI Usage — Credit Cards, Debit Cards & Prepaid Instruments",
 "fy": "2023-24 (approximate)",
 "dashboard": "https://bankpulse.ai/dashboards/cards-ppi/",
 "source": "RBI payment-system data, rbi.org.in",
 "reviewed_by": "Vikram Jain",
 "license": "https://creativecommons.org/licenses/by/4.0/",
 "updated": "2026-06-19T04:38:01+05:30",
 "dateModified": "2026-06-19T04:38:01+05:30",
 "note": "Approximate, rounded FY2023-24 figures. Debit-card volume/value cover payments at PoS and online and exclude ATM cash withdrawals. PPI covers wallets and prepaid cards across bank and non-bank issuers.",
 "instruments": [
  {
   "instrument": "Credit Cards",
   "issuer": "Banks",
   "what": "Revolving unsecured credit line; payment now, repay later, on a card network (RuPay/Visa/Mastercard)",
   "approx_cards_in_force_million": 108,
   "approx_annual_volume_billion": 3.9,
   "approx_annual_value_lakh_crore": 18.3
  },
  {
   "instrument": "Debit Cards",
   "issuer": "Banks",
   "what": "Linked to a bank account; spends are debited directly (excludes ATM cash withdrawals)",
   "approx_cards_in_force_million": 970,
   "approx_annual_volume_billion": 2.2,
   "approx_annual_value_lakh_crore": 9.0
  },
  {
   "instrument": "Prepaid Payment Instruments (PPI)",
   "issuer": "Banks & non-banks",
   "what": "Wallets and prepaid cards loaded in advance; used for small-value retail payments",
   "approx_cards_in_force_million": null,
   "approx_annual_volume_billion": 16.0,
   "approx_annual_value_lakh_crore": 2.9
  }
 ]
}