Indians still prefer debit cards over credit cards. In March 2016, a total of 24.51 Mn credit cards and 661.8 Mn debit cards were in operation. Between March 2015 and March 2016, India added some 0.38 Mn credit cards and added 3.44 Mn debit cards. While the number of cards is increasing slowly, people are gradually becoming more comfortable in using them as well.

Credit and Debit card users in India steadily rising

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