Credit cards surge over 100% in 5 years, debit cards stay steady--Key lessons for card users

The Digital Payment Index rose from 100 in March 2018 to 445.50 in March 2024, highlighting India's growth in credit and debit card usage. With over 10.80 crore credit cards issued, digital payments have seen a 94-fold increase in volume since 2013, marking a significant transformation.