Charge Cards in India

February 2024 | 22 pages | ID: C6A034DBAA4EN
Euromonitor International Ltd

Abstracts

Charge cards in India remained a niche category within financial cards and payments in 2023, largely due to higher eligibility criteria for issuance. Given the higher credit score and minimum salary requirement for a charge card in comparison to other financial card instruments, the usage remained fairly restricted to high network consumers. Such consumers, encouraged by the exclusivity of the card and various reward programmes, along with premium service quality, drove up further demand for cha...

Euromonitor International's Charge Card Transactions in India report establishes the size and structure of the market for ATMs cards, smart cards, credit cards, debit cards, charge cards, pre-paid cards and store cards. It looks at key players in the market (issuers and operators), number of cards in circulation, numbers transactions and value of transactions. It offers strategic analysis of sector forecasts and trends to watch.

Product coverage: Commercial Charge Card Transactions, Personal Charge Card Transactions.

Data coverage: market sizes (historic and forecasts), company shares, brand shares and distribution data.

Why buy this report?

• Get a detailed picture of the Charge Card Transactions market;
• Pinpoint growth sectors and identify factors driving change;
• Understand the competitive environment, the market’s major players and leading brands;
• Use five-year forecasts to assess how the market is predicted to develop.

Euromonitor International has over 40 years' experience of publishing market research reports, business reference books and online information systems. With offices in London, Chicago, Singapore, Shanghai, Vilnius, Dubai, Cape Town, Santiago, Sydney, Tokyo and Bangalore and a network of over 800 analysts worldwide, Euromonitor International has a unique capability to develop reliable information resources to help drive informed strategic planning.

Contents

Charge Cards in India
Euromonitor International
February 2024

LIST OF CONTENTS AND TABLES

CHARGE CARDS IN INDIA
KEY DATA FINDINGS

2023 DEVELOPMENTS

Charge cards remain a niche, targeting affluent consumers
Transaction spend on charge cards remains elevated in comparison to other financial cards
American Express is the sole local issuer and operator of charge cards in India
PROSPECTS AND OPPORTUNITIES
Charge cards will remain a small part of financial cards in the Indian market
Rising penetration of credit cards to challenge greater uptake of charge cards
American Express eyes further opportunities for growth of charge cards
CATEGORY DATA
Table 1 Charge Cards: Number of Cards in Circulation 2018-2023
Table 2 Charge Cards Transactions 2018-2023
Table 3 Charge Cards in Circulation: % Growth 2018-2023
Table 4 Charge Cards Transactions: % Growth 2018-2023
Table 5 Personal Charge Cards: Number of Cards in Circulation 2018-2023
Table 6 Personal Charge Cards Transactions 2018-2023
Table 7 Personal Charge Cards in Circulation: % Growth 2018-2023
Table 8 Personal Charge Cards Transactions: % Growth 2018-2023
Table 9 Charge Cards: Number of Cards by Issuer 2018-2022
Table 10 Charge Cards: Number of Cards by Operator 2018-2022
Table 11 Charge Cards Payment Transaction Value by Issuer 2018-2022
Table 12 Charge Cards Payment Transaction Value by Operator 2018-2022
Table 13 Personal Charge Cards: Number of Cards by Issuer 2018-2022
Table 14 Personal Charge Cards: Number of Cards by Operator 2018-2022
Table 15 Personal Charge Cards Transaction Value by Issuer 2018-2022
Table 16 Personal Charge Cards Transaction Value by Operator 2018-2022
Table 17 Forecast Charge Cards: Number of Cards in Circulation 2023-2028
Table 18 Forecast Charge Cards Transactions 2023-2028
Table 19 Forecast Charge Cards in Circulation: % Growth 2023-2028
Table 20 Forecast Charge Cards Transactions: % Growth 2023-2028
Table 21 Forecast Personal Charge Cards: Number of Cards in Circulation 2023-2028
Table 22 Forecast Personal Charge Cards Transactions 2023-2028
Table 23 Forecast Personal Charge Cards in Circulation: % Growth 2023-2028
Table 24 Forecast Personal Charge Cards Transactions: % Growth 2023-2028
FINANCIAL CARDS AND PAYMENTS IN INDIA
EXECUTIVE SUMMARY
Financial cards and payments in 2023: The big picture

2023 KEY TRENDS

Financial card issuers leverage co-branded credit cards to address increasing competition from digital payment providers
Competitive landscape
What next for financial cards and payments?
MARKET INDICATORS
Table 25 Number of POS Terminals: Units 2018-2023
Table 26 Number of ATMs: Units 2018-2023
Table 27 Value Lost to Fraud 2018-2023
Table 28 Card Expenditure by Location 2023
Table 29 Financial Cards in Circulation by Type: % Number of Cards 2018-2023
Table 30 Domestic versus Foreign Spend 2023
MARKET DATA
Table 31 Financial Cards by Category: Number of Cards in Circulation 2018-2023
Table 32 Financial Cards by Category: Number of Accounts 2018-2023
Table 33 Financial Cards Transactions by Category: Value 2018-2023
Table 34 Financial Cards by Category: Number of Transactions 2018-2023
Table 35 Consumer Payments by Category: Value 2018-2023
Table 36 Consumer Payments by Category: Number of Transactions 2018-2023
Table 37 M-Commerce by Category: Value 2018-2023
Table 38 M-Commerce by Category: % Value Growth 2018-2023
Table 39 Financial Cards: Number of Cards by Issuer 2018-2022
Table 40 Financial Cards: Number of Cards by Operator 2018-2022
Table 41 Financial Cards: Card Payment Transactions Value by Operator 2018-2022
Table 42 Financial Cards: Card Payment Transactions Value by Issuer 2018-2022
Table 43 Forecast Financial Cards by Category: Number of Cards in Circulation 2023-2028
Table 44 Forecast Financial Cards by Category: Number of Accounts 2023-2028
Table 45 Forecast Financial Cards Transactions by Category: Value 2023-2028
Table 46 Forecast Financial Cards by Category: Number of Transactions 2023-2028
Table 47 Forecast Consumer Payments by Category: Value 2023-2028
Table 48 Forecast Consumer Payments by Category: Number of Transactions 2023-2028
Table 49 Forecast M-Commerce by Category: Value 2023-2028
Table 50 Forecast M-Commerce by Category: % Value Growth 2023-2028
DISCLAIMER
SOURCES
Summary 1 Research Sources