Payment Card Industry in India Poised For Immense Growth

by:Goodcom     2020-06-18
According to a new research report 'Indian Payment Card Market Forecast to 2012', by RNCOS, Indian Payment Card Industry presents enormous growth likelihood market players in various segments. Despite a decline in credit card base, the industry has seen huge boost in terms of cards transaction as debit and financial institution transaction by value has grown at a CAGR of around 46% and 9%, respectively during FY 2008-2011. Improving payment infrastructure, regulatory environment, and alteration in spending pattern is expected to set this is a for rapid growth later on. Research Analysis and Highlights The report, 'Indian Payment Card Market Forecast to 2012', by RNCOS spread over 73 pages offers an in-depth and rational analysis of the current status and future scenario for the payment card market in India. It offers an insight into debit, credit, and prepaid cards with their sub-segments replacing environment and infrastructure. Additionally, research into the various industry trends combined with future growth avenues been recently included their report to supply a balanced outlook on the potentials among the Indian Payment Card services market. Some of the key highlights of the report is the following: - Estimated surge at a CAGR about 21% during FY 2012-2014 in the amount of an atm card issued by banks. - Despite decline in credit card base, transaction through credit card debt showing a fit growth. - Connected with premium a bank card estimated boost at a CAGR of around 12% during FY 2011-2014. - Change in consumer spending pattern, growing trend of e-shopping, and improving payment infrastructure is predicted to drive the growth of payment card in United states of america. Innovations like prepaid cards, smart card, and EMV cards utilizing increasing ATM network and POS Terminal is for you to boost the payment card industry in India. FREE SAMPLE of this report visit: Some of our Related Reports are: - China Credit Card Market Outlook to 2013 - Opportunities in Brazil Banking Sector - Turkey Banking Sector Forecast to 2012 - China Banking Sector Analysis - South African Banking Sector Analysis Check Related REPORTS on: About RNCOS RNCOS is an expert in Industry intelligence and creative solutions for contemporary business segments. Our professionals studies and analyzes the industry and its various components comprehensively and gives information about the changing market behavior. Our accuracy and data precision proves beneficial in terms of pricing and time management that assist intending clients to meet their objectives in a cost-effective and timely route.
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