Credit Card Ownership among the online Indians

Its not surprising that the 10 million unique Credit card users pose a great deterrent to the ecommerce growth in India. A few key facts mentioned below would ratify the belief.

1. Though almost 68% of regular internet users are employed and 51% of them work as ‘salaried’ employees in the corporate world, only 25% of them own a credit card. The credit card ownership among regular internet users stood at 34% in the year 2007-208. This noticeable fall in the proportion of credit card owners can be attributed to the significant increase in the proportion of the relatively ‘younger’ age group internet users.
2. Among the credit card owning internet users, almost 1 in 3 own ‘multiple’ credit cards.