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India and the story of Prepaid cards so far...

India with more than 40% unbanked population and another big chunk of under-banked population would theoretically present a great opportunity for Prepaid cards. Its a strategist dream to launch a prepaid cash card to enable them make all types of modern payment transactions. But is that really the case on the ground? Since the prepaid cards have been around for a while lets see what is happening.

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