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Friday, January 24, 2014

'Debit, pre-paid cards can be used for financial inclusion'


SINGAPORE: With a high growth potential, debit and pre-paid cards can be used to accelerate financial inclusion and reaching out to rural India, a senior MasterCard Worldwide official said here today.

"These cards will be one of the electronic models for cash displacements and reduce cash and cheque-based transactions in the coming decade in the country," T V Seshadri, Global Executive for Global Products & Solutions at MasterCard World, told PTI here. 

The Reserve Bank  .. 


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