Growth in Credit Card Usage in India and China
November 26th, 2009
David Hunkar submits:
Unlike in the Western countries, people in Asian countries still use cash for most transactions. However credit card usage is slowly increasing. With about 50% of the global population, Asia holds plenty of potential for credit card growth. MasterCard (MA) and Visa (V) accounted for 90% of volume at the end of 2007.
Credit Card Usage by Country:
