CREDIT CARD BUSINESS?


How big the market could be of Credit Card in India?

Some data points to show the potential growth


*Note:  All data approx*

1)Population of our Country :140cr

2)No of people who have bank accounts: 115cr

3)No of people whose bank accounts are operational: 86cr

4)No of people who are in age group above 20: 85cr.

5)No of Debit Card users in India: 83cr

6)Population living in urban area: 48cr

7)No of people who filled income tax return:5cr

8)No of credit card users: 5.8cr

9)Credit card spend as % of GDP in India: 3%
US: 17%
Brazil: 12%

10)Credit card dues are expected to grow at a CAGR of 24% till 2024.

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