Overview

Debit card transaction volumes rose 4% month-on-month in June 2026, even as transaction value continued to decline, while credit card spending moderated sequentially after months of sustained growth. 1Lattice's analysis of RBI data, featured in ETBFSI, tracks the shifting momentum in India's card payments landscape.

Debit card transaction volumes increased around 4% month-on-month in June 2026, even as transaction value fell 5% from May, according to RBI data analysed by 1Lattice. On an annual basis, debit cards remained under pressure, with volume down 9% YoY and value contracting 5%, reflecting a continued shift toward alternative digital payment modes. ATM withdrawals continued to dominate debit card activity, accounting for 80.4% of volume. Credit cards, meanwhile, saw a marginal sequential moderation, with volume down 3% and value down 1% month-on-month. However, YoY growth remained strong at 25% in volume and 10% in value, underscoring sustained strength in consumer credit spending.