2012-11-20 08:09:40 - The Indian Prepaid Card Market - Market Research Report - a new market research report on companiesandmarkets.com
If India is able to maintain its current growth trajectory, average household incomes will triple over the next two decades and it will become the world´s fifth-largest consumer economy by 2025, up from 12th now.
As of 2010, there are 40,000 ATMs and 450,000 POS terminals in India. The key cities which lead in number of ATMs include Mumbai, Delhi, Kolkata, Bangalore, Chennai, Ahmadabad, Hyderabad, Pune, Kanpur, Surat, Jaipur and Lucknow. There are a significant number of people with mobile phones but without bank accounts in rural India. This gap will only increase as millions of mobile phones are added monthly in rural India. This is an attractive back-drop for issuing prepaid cards and using mobile banking services.
â¢ This VRL
report tracks moves being taken by state owned, private and dedicated cards issuers to supply the Indian prepaid and debit cards market
â¢ An overview is provided of the Indian payments market and current infrastructure
â¢ Both debit and prepaid cards are analysed and commented on
â¢ The rural/urban split is discussed, important for new account uptake
â¢ Leading Indian banks Axis and ICICI feature as case studies, while more are profiled
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