Penetration of Payroll Cards and Travel Cards Is Expected to Increase in India
Though the popularity of payroll and travel cards is increasing in the country, their penetration is still less. According to a new report by RNCOS, “Indian Prepaid Card Market Outlook 2018”, the penetration of travel cards and payroll cards is very low in the urban areas and almost negligible in the rural areas. However, with efforts of several banking and non-banking institutions, to increase the popularity of such cards, coupled with growing acceptance of these cards among consumers, the penetration...
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