Tweet

Expansion of The Indian Payment Card Market in the Recent Years

Written by: Bharatbook bureau

Article Overview: Indian Payment Card Market Forecast to 2012” states that with changing consumer spending patterns and growing income levels, the Indian payment card market, which includes both credit cards and debit cards, has expanded rapidly in the recent years. For instance, the number of debit cards issued by banks more than doubled between FY 2006 to FY 2008. Also, the number of credit card issuance grew by around 60% during the same period.

Expansion of The Indian Payment Card Market in the Recent Years

Future growth potential in this market is tremendous, particularly due to low payment card penetration coupled with low card spending. Shift in consumer spending patterns will also give impetus to the growth of Indian payment card market. Consumers have now been preferring the use of payment cards for these are safer to carry and provide credit facility (in case of credit cards) as well. Besides, there are many other benefits, like reward points and discounts by merchants as well as bankers, which lure customers to shop by their payment cards.

This research also indicates that the future growth trend, to some extent, will be impacted by the current financial turmoil and credit squeeze. Bankers will also become a little more conscious while doing risk evaluation of credit card applicants. But the overall trend will remain positive over the forecast period.

The report provides a comprehensive research and prudent analysis on the emerging payment card market in India. This extensive research will help the clients to identify the market trends and evaluate the leading-edge opportunities critical to the success of the payment card markets. This study gives an overview on the various factors driving the market, together with the forces that are blocking the growth of the industry.

The research report provides forecast on

§ Number of credit cards issued
§ Credit cards payment Transaction by volume
§ Credit cards payment transaction by value
§ Number of debit cards issued
§ Debit cards payment Transaction by volume

Related Articles
  Credit Alliance Group understands that every dollar counts in paying off your credit card debt
  Article #45 Master The Wealth Hidden In Your Salary
  Le Sutra Hospitality mulls franchise expansion
  Food franchising come of age in India: FICCI
  Web Design Company in India – An IT Revolution

Article Tags: comprehensive research, consumer spending, credit card applicants, credit cards payment, credit squeeze, debit cards, edge opportunities, extensive research, financial turmoil, forecast period, growth trend, impetus, leading edge, market consumers, market trends, payment cards, payment transaction, penetration, reward points, risk evaluation



Related Forum Posts
Re: How many nationalities are on the forum? - According to the poll I'm the only Indian here... woo hoo! I'm East Indian by Ethnicity... I was born in Bahrain and am now a Canadian Citizen.
Re: Help ! to roll out a start-up. - [quote="Nana":gla81p60]I am not sure of the exchange rate, but $500 US doesn't seem all that much. [/quote:gla81p60] And if it's NOT that much to raise... open up a service you can provide for non-Indian project providers. Elance.com, Guru.com, Rentacoder.com employ thousands of Indian service providers who complete projects and often times you can recoup $500 in one job. You just have to sell yourself there and complete a few projects. Warmest Regards, Takuya
Re: Japanese Earthquake - Make Me Pay! - Payment made - happy to help!
Re: Kevin needs "social glue" ideas - [quote="ideasuniversity":2w934785]Kevin, Thanks for this post. But please don't take the 10 Recents posts where it is. This is my first point of call when I entered the forum[/quote:2w934785] Hi ideasuniversity, What if we didn't get rid of the "10 Recent Posts", but simply made you click on a link to view it? Or would this be very inconvenient? By listing 10 niche forum topics (with "10 Recent Posts" being one of them), it would allow for more room for social glue ideas and also make navigation through the site easier as well.
Online Payment Methods - I'd like to know what Payment method do entrepreneurs use to process credit cards online? Here at RSC Business Group we have made a decision to go with Paypal in the short term. If we find that we have more than 10 transactions a month then we plan on going with a Bank Processor of Payments. What do you guys use?


Share this article with your friends. Fund someone's dream.

Leave a comment below or share on the left and you'll help support entrepreneurs in Africa through our partnership with Kiva. Over $50,000 raised and counting - Please keep sharing! Learn more.

Tweet

Newsletter

Get advice & tips from famous business
owners, new articles by entrepreneur
experts, my latest website updates, &
special sneak peaks at what's to come!

Name:
Email:

Popular Articles

Creating a Better Place to Work

Anger Solutions at Work: Why Customers Get Angry

Maximum Impact Restaurant Greening

Suggestions

Email us your ideas on how to make our
website more valuable! Thank you Sharon
from Toronto Salsa Lessons / Classes for
your suggestions to make the newsletter
look like the website and profile younger
entrepreneurs like Jennifer Lopez.