Card Issuance Strategies 2018

With Matica as knowledge partner, Banking Frontiers organized an unconference where panelists from various banks shared their perspectives about cards business in India. 

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Vishesh Sharma, Regional Sales Manager for Middle East & India, Matica:

Matica and Banking Frontiers have done a survey on card issuance in 2017, in which banks were asked about the growth of card business in India and card issuance. The survey topics were demonetization and debit card usage, preferred model for technology procurement, security challenges and stocks of the cards at the bank branches. The survey found that India has added 7.2 million credit card holders and 80 million debit card holders between December 2016 and December 2017. Nearly 42% of the Indian banks said that they purchase hardware and software from the same vendors, while 58% of banks said that they purchased these from the different vendors.

Krishnan NS, GEVP-Business & Digital Technology Solutions, YES Bank: