Smart Cards Gaining Impetus In India

In India, the concept of chip-based payment cards is fairly new

. Used by only a small number of banks in the country, these cards are more popular in the Europe and North Asia. Presently, a number of Indian banks are planning to update their cards to comprise the smart card technology. According to a new research report by RNCOS, the use of smart cards in India is being promoted as the future of secure payment transactions. The retail e-payments market, which is likely to achieve a robust growth in the coming years, will also fuel growth in the Indian smart card payment market.

The report, Indian Payment Card Market Forecast to 2012, says that the Indian payment card industry offers great opportunities to existing as well as new players. Payment through cards enhances economic efficiencies, and this is the main reason due to which the industry has grabbed the attention of middle class households and the Government. This growth, in turn, has opened enormous opportunities for card issuers, suppliers, and manufacturers.

The report provides an extensive research and rational analysis on the Indian payment card market. It covers current market trends, industrial developments, and competitive landscape which will help clients understand the current market scenario, and the direction in which it is likely to proceed in the coming years. A brief overview of the activities of key market players, including ICICI Bank, HDFC Bank, Citibank NA, State Bank of India, and Punjab National Bank, has also been included in the comprehensive study. Potential growth areas evaluated in the research work will help the clients gain an insight into the industry, and align their business strategies as per the changing market dynamics.

For FREE SAMPLE of this report visit: http://www.rncos.com/Report/IM006.htm

Some of our Related Reports are:

- China Credit Card Market Outlook to 2013 (http://www.rncos.com/Report/IM002.htm)

- Opportunities in Brazil Banking Sector (http://www.rncos.com/Report/IM523.htm)

- Turkey Banking Sector Forecast to 2012 (http://www.rncos.com/Report/IM177.htm)

- China Banking Sector Analysis (http://www.rncos.com/Report/IM315.htm)

- South African Banking Sector Analysis (http://www.rncos.com/Report/IM080.htm)

Check Related REPORTS on: http://www.rncos.com/Banking.htm

by: Shushmul Maheshwari

POST COMMENT

Hire Dedicated Open Source Developers From Weblineindia Top Selling Car Price In India Best Of South India Tours Car Rental Rajasthan A Deep Glimpse Over India Tours Car Rental Rajasthan Romantic Spots Of North India Packages Car Rental Rajasthan A Great Place To Visit In India Car Rental Rajasthan Top Destinations To Visit In India Car Rental Rajasthan Most Famous Destinations To Visit In India Car Rental Rajasthan Explore Beautiful Cities Like India Car Rental Rajasthan Ultimate India Tour Packages Car Rental Rajasthan Famous India Tours Packages Car Rental Rajasthan Religious Tour Of India Is Awe-inspiring Explore Buddhist Tour In India