Pre-Paid Cards in India - New Report Available
Pre-paid cards witnessed the second highest growth in terms of transaction value in 2013 after credit cards, at 29%. This was primarily driven by the increased use of open-loop pre-paid cards, especially for general-purpose reloadable and travel purposes. The cards offer convenience and secured usage without the chance of overspending, as the card is loaded with pre-set amounts, an attribute which was well received by consumers.
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