About 60 crore (600 million) cards have been issued as of March 2019 by 1,100 banks giving it more than 58% market share in the country's card issuance market, beating the much older duo of Visa and Mastercard by number of cards issued.[76] RuPay holds about 30% market share by volume and value of transactions made.[77] According to NPCI data released in May 2019, 112.7 crore (1,127 million transactions) valued at ₹1,17,400 crore (US$ 17 billion) were made on RuPay cards during the 2018–19 fiscal year.