Plastic Money - The Indian Experience
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About Credit Cards & Debit Cards
The Indian Plastic Money Journey
Citibank and HSBC were the pioneers in the Indian credit card market in the 1980s. Over the next two decades, the number of players increased to more than ten in 2000. The credit card market registered a healthy annual growth rate of over 25% during 1987-2001...
Exhibit I: Types of Plastic Cards