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- Key highlights include:
- Credit Card Growth: The number of active credit cards in India more than doubled, reaching 108 million by December 2024, up from 55.3 million in 2019. The value of credit card transactions nearly tripled to ₹20.37 lakh crore.
- Digital Payments: The report highlights the significant increase in digital payments, driven by the rise of the Unified Payments Interface (UPI).
- Cross-Border Payments: It also covers efforts to enhance cross-border payments and other developments in the payment ecosystem.
Question:
1 According to the RBI Payment System Report 2025, what was the total number of active credit cards in India as of December 2024?
- A) 75 million
- B) 95 million
- C) 108 million
- D) 125 million