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Mastercard accounts for 33% of all card payments in India.
The study found that consumers with high subprime to low prime risk scores hold more credit cards than do people in different risk categories.
According to Grandview Research, global contactless-payment transactions were worth $1.06 trillion in 2019 and were predicted – before the pandemic, at any rate – to reach $1.32 trillion this year.
Wirex plans to expand into issuing corporate cards to its business clients.