Russia

India, China Non-Cash Payments Per Capita Among The Lowest In The CPMI Countries

Cash is still the dominant mode of transaction for Indians and Chinese currently. According to a report released last month by the Bank for international Settlements (“Statistics on payment, clearing and settlement systems in the CPMI countries – Figures for 2015”) India’s and China’s non-cash payment transactions per capita are among the lowest in the CPMI countries.

11 non-cash transactions were made per inhabitant in India in 2015, which is lower than China which recorded 17 non-cash transactions per inhabitant in 2014 (data for 2015 is unavailable) and Russia which recorded 106 transactions per inhabitant in 2015. Non-cash transactions per capita was 403 for the United States in 2014 (data for 2015 is unavailable).

At 728 non-cash transactions per capita, Singapore has one of the highest non-cash transactions per inhabitant among the CPMI member countries, ranking higher than the United States, United Kingdom, Sweden and Switzerland.

Non-cash transactions per capita, selected countries, 2014 and 2015

Non-cash transactions per capita in India and China are among the lowest in the CPMI countries while Singapore has one of the highest.

 

India – Fastest Growing Domestic Air Passenger Market In 2015

India’s domestic air passenger market grew the fastest year on year in 2015 posting an 18.8% growth rate over 2014.

Data from the 60th edition of the World Air Transport Statistics (WATS) shows that domestic airlines in India flew 80 million passengers in 2015, making India’s domestic air passenger market nearly five times smaller than China’s which flew 394 million passengers, and 8 times smaller than the United States’ which flew 708 million passengers the same year. Russia flew 47 million domestic air passengers making India’s domestic air passenger market nearly two times bigger than Russia’s.

At 18.8%, India's domestic air passenger market recorded the highest year-on-year growth rate in the world in 2015.

At 18.8%, India’s domestic air passenger market recorded the highest year-on-year growth rate in the world in 2015.