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Debit Cards Gain in India

Posted by John B. Frank Tuesday, July 14, 2009

Debit cards gain ground in India

Debit cards gain ground in India

Debitcards continued to gain in popularity in India in the 2008/09 fiscalyear to 31 March with the number in issue at the end of the periodstanding at 137.4 million, up 34.2 percent compared with the end of2007/08, according to the Reserve Bank of India (RBI).
The number of debit card transactions increased at an even faster pace, rising 44%...

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