Reserve Bank of India (RBI) reports 2.6 times jump in credit card transactions

Key facts

• The Reserve Bank of India (RBI) stated in its Payment System Report, December 2025, that credit card transaction volumes increased from 216 crore in 2021 to 570 crore in 2025.
• Credit card transaction value rose from ₹8.9 lakh crore in 2021 to ₹23.2 lakh crore in 2025, representing an annual growth rate of approximately 27 per cent.
• Private sector banks increased their share in outstanding credit cards to 71.1 per cent in December 2025, while foreign banks' share declined to 3.8 per cent from 9.3 per cent in December 2021.
• Digital payment transaction volumes increased 33 times between 2016 and 2025, with UPI QR codes growing to 7,313 lakh in December 2025 from 6,782 lakh in June 2025.
• The Clearing Corporation of India Ltd (CCIL) plans to introduce bond forwards and non-deliverable forwards (NDFs), while AMC Repo Clearing Ltd intends to launch repo transactions in municipal bonds.