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Visa Eyes New Segments For Card Business Spread

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Our Banking Bureau BUSINESS STANDARD

Visa International, in a bid to boost its credit cards business, is looking at segments such as insurance payments, utility payments and hospital bill payments.

Currently, the average transactions per credit card in the country is worth around Rs 17,000 per annum. The total number of credit cards issued is at around seven million of which 40 per cent is inactive

 

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First Published: Feb 18 2003 | 12:00 AM IST

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