The number of cards with a cash function in India is forecasted to experience continuous growth from 2024 to 2028, with no explicit mention of its position in 2023. The year-on-year increase reflects a steady rise, indicating a robust and expanding market for such cards. The CAGR over this period signifies positive and sustainable growth in the market.

Future trends to watch for include:

Technological innovations in digital payment solutions enhancing cash functionality.
Regulatory changes impacting card issuance and usage.
Consumer behavior shifts towards more digital transactions over cash.
Economic factors influencing disposable income and spending patterns.