Card payments in India are expected to climb by 28.6% to Rs 27.9 lakh cr in 2023


  • ‘Payment Card Analytics’ from GlobalData indicates that the value of card payments in India increased by 26.2% in 2022, primarily due to the country’s growing economy and consumers’ growing inclination towards electronic payments.
  • It is projected that ATM cash withdrawals will rise by just 4.6% in 2023, to Rs 34.4 lakh crore ($416.2 billion).
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