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Table 6 Growth of Cashless Money Values in India

From: Understanding cashless payments in India

Instruments

Nature

Unit

April, 2011

June, 2016

June, 2016 (WPI adjusted)

CAGR (%) WPI Adjusted

Total Cards

Volume transacted

INR Bln

1170.2

2595.3

2293.6

12.8

Total Cards

Amt per transaction

INR

2627.3

2824.2

2495.9

−1

Credit Card

Volume transacted

INR Bln

71.5

242.4

214.2

20.9

Credit Card

Amt per transaction

INR

3056.4

3152.6

2786

−1.8

Credit Card

Money Withdrawn

INR Bln

1

2.9

2.5

18.4

Credit Card

Amt per transaction

INR

5647.1

4847.5

4283.9

−5.3

Credit Card

POS value spent

INR Bln

70.6

239.5

211.7

20.9

Credit Card

Amt per transaction

INR

3037

3139.4

2774.5

−1.7

Debit Card

Volume transacted

INR Bln

1098.7

2352.9

2079.4

12.2

Debit Card

Amt per transaction

INR

2603.5

2794.3

2469.4

−1

Debit Card

Money Withdrawn

INR Bln

1061.7

2198.3

1942.7

11.5

Debit Card

Amt per transaction

INR

2657.1

3036.3

2683.3

0.2

Debit Card

POS value spent

INR Bln

37.1

154.6

136.6

24.9

Debit Card

Amt per transaction

INR

1650

1309.9

1157.6

−6.8

Pre paid card

Volume transacted

INR Bln

4.9

53.5

47.3

43.2

Pre paid card

Amt per transaction

INR

1587.7

694.6

613.8

−18.1

Mobile Banking

Volume transacted

INR Bln

0.8

662.7

585.7

126.6

Mobile Banking

Amt per transaction

INR

703.7

10600.1

9367.7

49.3

ATM

Money Withdrawn

INR Bln

1062.6

2201.2

1945.3

11.5

ATM

Amt per transaction

INR

2658.4

3037.8

2684.6

0.2

POS

Volume transacted

INR Bln

107.6

394.2

348.3

22.4

POS

Amt per transaction

INR

2355.2

2028.3

1792.4

−5.2

All Instruments

Volume transacted

INR Bln

1175.9

3311.5

2926.5

17.4

All Instruments

Amt per transaction

INR

2615.6

3128.7

2764.9

1.1

  1. Data source: RBI Payment System Indicators http://dbie.rbi.org.in/DBIE/dbie.rbi?site=home and fWPI from http://www.eaindustry.nic.in/download_data_0405.asp