What has helped is the boom in digital payments in India. According to the Internet and Mobile Association of India, such payments are expected to reach R1.2 lakh crore by the end of the year, 40% higher than in 2013. Credit cards will make up 21% of this while the rest will come from debit cards and internet banking. This has a lot to do with the fact that e-commerce has picked up over the last couple of years. At the same time, consumers are using plastic money for purchases at brick-and-mortar stores at a higher volume and frequency than before. It also helps that payment options in many segments, such as EMIs for consumer durables, are often facilitated by plastic money. Given how India stands at the cusp of mobile-led digital revolution, banks must figure out how to capitalise on the digital payment swell, say, with apps and mobile wallets in tie-ups with telcos.