Debit card transaction volumes increased on a monthly basis in July, reversing some of the weakness seen in the previous month. Total debit card transaction value also rose around 2 per cent from June 2026. On an annual basis, however, debit cards remained under pressure. Total transaction volume declined approximately 9 per cent year-on-year, while transaction value contracted around 5 per cent, reflecting the continued shift in consumer payments towards alternative digital payment modes. ATM withdrawals continued to account for the overwhelming majority of debit card activity. 3 per cent of transaction value. 4 per cent. 7 per cent and e-commerce around 6 per cent. Advt Credit cards, meanwhile, recorded stronger sequential growth in July. Total transaction volume increased about 5 per cent month-on-month, while transaction value rose roughly 3 per cent. On a year-on-year basis, credit card transaction volumes expanded approximately 23 per cent and transaction values grew around 7 per cent. 4 per cent year-on-year. 03 lakh crore range recorded during the preceding three months. 8 per cent year-on-year. However, card issuance is growing faster than spending, emerging as a key monitorable for the industry. 1 per cent year-on-year, its fastest pace in 15 months. 4 lakh in June and extending the acceleration in card issuance for a fourth consecutive month. The divergence between card additions and spending growth has resulted in softer per-card spending. 4 per cent growth in overall spending. The report said this suggests industry growth is increasingly being driven by customer acquisition, while spending intensity among newer cardholders has yet to converge with that of existing customers.