Worldwide Growth in Card Payment
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Financial cards continue to gain momentum worldwide, particularly in emerging markets. Michelle Evans, consumer finance industry analyst at Euromonitor International, states that Vietnam, Turkey, and the Philippines are projected to be the three fastest growing markets for card payment volume in 2012. Card functions like debit and pre-paid continue in their popularity, and debit has grown extensively due to efforts by both public and private sectors to reach the unbanked population of the world.