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Visa card volume grows in India

The Business Standard reports that sales volume on Visa cards in India grew over forty percent in the second quarter over the same quarter last year.

The acceptance infrastructure have grown in the country with banks like HDFC bank and ICICI Bank which were the new kids in the block deploying around 30,000 and 10,000 electronic data capture (EDC) terminals in the last one and half years. These terminals were deployed majorly in the smaller towns. The total number of EDC terminals in the country is now at around 70,000.

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