Yes, a large fraction of the Indian population >50% does not have a credit/debit card, and a significant percentage don't have a bank account. In fact, in large

Yes, a large fraction of the Indian population >50% does not have a credit/debit card, and a significant percentage don't have a bank account. In fact, in large swathes of rural India, the nearest bank could be a few hours away by whatever means of transportation they have there.