Research and Markets, a source for international market research reports and market data, has recently released the “Indian Prepaid Card Market Outlook to 2017” (view press release) according to which the Indian prepaid card market is mostly driven by corporate customers looking for easy and streamlined ways of processing funds.
The report found that bank branches are launching specific purpose cards to rope in more customers through risk free channels. Boosted by strong corporate demand and rising consumption amidst general consumers, the report shows that the Indian prepaid card market will grow at a hefty CAGR of around 40% during 2012-2017.
Some of the key points of the research findings include emergence of prepaid remittance cards as a cost effective mode of remittance transfers, a rise in online utility bill payments and growing demand for travel cards. Recent industry developments and descriptive profiling of key players are also included.
The report “is meant to assist management and investors in laying well-informed business strategies, thereby staying ahead of competition.”
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