Indian Prepaid Card Market Witnesses 40% CAGR
Driven by the rising spending power of Indian middle class and growing awareness about payments through plastic cards, the prepaid card market in India is expected to continue growing at at a cumulative annual growth rate of around 40% during 2012-2017. Travel cards, gift cards and payroll cards are the three major segments propelling this growth. With rising number of corporate trips, domestic and abroad, the convenience provided by prepaid cards in handling cash has gained the attention of corporate...
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