subject: India Rising To Be The Global Leader In Credit Card Industry [print this page] Emerging economies across the globe have been continuously witnessing remarkable growth in the credit card market for the last few years, driven by the rising number of middle-class population coupled the government support. It has been found that payments made via credit cards enhance economic efficiencies, making the transaction safer and convenient, thus providing impetus for further socio-economic development, says our new research report Global Credit Card Industry Emerging Markets.
The ongoing analysis identifies that the credit card industry in emerging markets are consistently growing on the back of low credit cards penetration, high potential market, and government support. In this regard, we have conducted extensive analysis of the credit card market of key countries across the world. The countries covered in our report include: China, India, South Korea, Russia, Poland, Brazil, and Mexico.
At the global level, India has played a critical role in the development of the credit card market. With increasing number of credit card holders and rising consumer confidence on credit card purchase, the transaction value of credit cards in India is forecasted to increase at a CAGR of around 9% during FY 2011-2014. This growth will be mainly accredited to the improving credit card payment infrastructure in the nation, with majority of the merchants accepting credit card payments at POS terminals. Besides, the banks have tighten their rules regarding the issuance of credit cards due to increasing fraud cases, which have also helped in improving the credit card infrastructure in the country.
Global Credit Card Industry Emerging Markets, provides an extensive research and rational analysis along with reliable statistics of the credit card market in the emerging economies. The report has thoroughly examined current market trends and industrial developments to enable clients understand the market structure and its progress in the coming years. Due consideration has also been given to the possible after effects of recession on the industry, while preparing the forecast. The report is considered to facilitate the intending clients to obtain a proper insight of the current and future outlook of the credit card market in developing economies prior to any kind of investment.
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by: Shushmul Maheshwari
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