Indian Payment Card Market Showcasing High Growth Potential
With the rising disposable income and emergence of modern middleclass households, the credit card segment in India is expected to grow at a CAGR of 59% during FY 2010-FY2013.
- (1888PressRelease) September 14, 2010 - According to our new report "Indian Payment Card Market Forecast to 2012", the Indian payment card market is one of the fast growing markets. Despite a slowdown in market activities during the last few years, the payment card market continued to perform well. Rising disposable income among the middle class households and changing life style patterns are some of the major factors driving growth in the industry. Credit cards and debit cards are the most attractive and growing segments of the Indian payment card market. The premium credit card segment has taken a big share of the market and will grow at a CAGR of around 59% during FY 2010-FY 2013.
The prepaid card market is one of the promising areas expected to strengthen the Indian payment card market. Industry players have been actively participating in prepaid card segment development to ensure their early presence. ICICI bank, for example, has emerged as one of the largest players in the Indian payment card segment focusing on domestic payroll cards, international travel cards as well as prepaid fleet cards.
The report "Indian Payment Card Market Forecast to 2012" covers the necessary aspects of Indian payment card market. It has presented all the information and analysis in a prudent and effective manner showcasing reliable data related all segments. The report has covered sections like market attractions and industry challenges that bring out two important dimensions of any market. These two sections elaborate the factors which are stimulating the market growth and which may pose an obstruction to market growth respectively.
The report also covers a 'current and future outlook' section that analyzes the Indian financial card market in present environment and based on effective techniques and methods, forecast the future market potential. The forecasting section not only brings out future projections but also presents the factors driving growth in market.
The report is an outcome of an extensive research and effective analysis of the Indian payment card market that covers all the important ingredients and factors driving growth. The report is expected to facilitate decision making of clients by providing them all knowledge and future growth patterns in single document.
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