Rise in number of 1 Visa contactless cards
The global leader in payments technology announced that over 20 million 1 Visa contactless cards have now been issued in India since the launch of its first contactless card in 2015, according to TR Ramachandran, Group Country Manager for Visa in India and South Asia
​Vijayawada: The global leader in payments technology announced that over 20 million 1 Visa contactless cards have now been issued in India since the launch of its first contactless card in 2015, according to TR Ramachandran, Group Country Manager for Visa in India and South Asia.
Continuing its push for contactless payments in India, Visa also revealed that the acceptance infrastructure for such cards has crossed one million terminals 2 across the country. “In a little over three years, along with our clients, we have been able to promote the benefits of contactless cards to over 20 million consumers across India.
Besides the significant push in building awareness, we have helped expand India’s contactless acceptance infrastructure to over one million points. Across the world, contactless cards have proven to be a significant catalyst in improving consumer stickiness for digital payments and we expect India to be amongst its biggest adopters in months to come,” said Ramachandran.
