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India Cards And Payments Market<br />
The regulations announced by RBI in relation to the issuing of <strong>cards</strong> of prepaid, credit <strong>and</strong> debit categories under the<br />
Payment Systems <strong>and</strong> Settlements (PSS) Act of 2007, which were revised in 2008 to detail the requirements to be met for<br />
authorizing the payment systems, providing a framework for the determination of st<strong>and</strong>ards, <strong>and</strong> providing instructions on<br />
the types of <strong>payments</strong>.<br />
The India Cards <strong>and</strong> Payments Market is analysed geographically under the region of Asia Pacific. India accounts for one of<br />
the largest shares of the Asia Pacific Cards <strong>and</strong> Payments 2017, <strong>and</strong> is also showing robust growth in the market. The<br />
government reforms taking place for the development of the card <strong>payments</strong> channel are expected to keep the market<br />
outlook stable in the coming future.
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