Table 5 Growth of Cashless Transactions in India
Instruments | Nature | Unit | April, 2011 | June, 2016 | CAGR (%) |
|---|---|---|---|---|---|
Total Cards | No. of Transactions | Mlns | 445.41 | 918.94 | 14.02 |
Total Cards | Volume transacted | INR Bln | 1170.23 | 2595.31 | 15.42 |
Pre paid card | No. of Transactions | Mlns | 3.08 | 76.98 | 62.30 |
Pre paid card | Volume transacted | INR Bln | 4.89 | 53.47 | 46.30 |
Mobile Banking | No. of Transactions | Mlns | 1.08 | 62.52 | 78.55 |
Mobile Banking | Volume transacted | INR Bln | 0.76 | 662.72 | 131.05 |
Credit Card | Outstanding | Mlns | 17.78 | 25.54 | 7.01 |
Debit Card | Outstanding | Mlns | 230.26 | 688.10 | 21.19 |
ATM | Numbers | Mlns | 0.08 | 0.22 | 20.24 |
POS | Numbers | Mlns | 0.60 | 1.43 | 16.93 |
ATM | No. of Transactions | Mlns | 399.72 | 724.60 | 11.51 |
ATM | Money Withdrawn | INR Bln | 1062.61 | 2201.17 | 14.10 |
POS | No. of Transactions | Mlns | 45.69 | 194.33 | 28.02 |
POS | Volume transacted | INR Bln | 107.61 | 394.15 | 25.13 |
Cashless (C) | No. of Transactions | Prop | 0.11 | 0.27 | 17.49 |
Cashless (C&M) | No. of Transactions | Prop | 0.11 | 0.32 | 19.91 |
Cashless (C) | Volume transacted | Prop | 0.09 | 0.15 | 9.71 |
Cashless (C&M) | Volume transacted | Prop | 0.10 | 0.34 | 24.14 |