Check this out:
RBI (Reserve Bank of India) just updated its financial metrics to July 2016. Previously, this was only updated to March 2016.
As of July 2016, the metrics are...
ATM's - 201,861
POS terminals - 1,443,899
Credit Cards - 25,943,794
And the big number ...
Debit Cards - 697,222,455
That's nearly 700m debit cards on issue, which is almost a 50m increase from March 2016 to July 2016. That's a huge gap up, twice Australia's population in debit cards issued all within 5 months.
All metrics are ticking up and rapidly.
All bodes well for TSI India and India in general.
https://rbidocs.rbi.org.in/rdocs/ATM/PDFs/ATMPC072016267F1E02BD8C4CEAB9EBD19053506491.PDF
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