Cashing In On India's Banking Boom
Standard & Poor's Isabelle Sender reports for Business Week on how global banks are rushing to increase their presence in India.
What's evident is that India, along with China and the rest of South Asia, is one of the fastest-growing consumer bases for credit-, debit-, and cash-card services from Visa, MasterCard, and American Express. The $150 billion credit-card market in Asia is projected by Boston Consulting Group to grow at about 15% to 20% yearly for the next three years.
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