India Smart Card Market Boom to Reach Valuation of USD 166.16 Billion By 2032: Astute Analytica [Yahoo! Finance]
Honeywell International Inc. (HON)
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Source: Yahoo! Finance
New Delhi, May 07, 2024 (GLOBE NEWSWIRE) -- Fueled by innovation and adoption, India's smart card market is flourishing. By 2032, the market is expected to reach a colossal US$ 166.16 billion, growing at a CAGR of 7.22% from US$ 90.16 billion in 2023. The Indian smart card market is experiencing a surge, driven by strong government support and a growing emphasis on security. In 2022 alone, India's Unified Payments Interface (UPI) processed over 74 billion transactions, a significant portion secured by smart card technology. This highlights the trust placed in smart cards for safeguarding the high volume of digital transactions happening across the country. Beyond finance, India is leading the way in smart card innovation across various sectors. The Ayushman Bharat health insurance program, the world's largest, utilizes smart cards to streamline healthcare access for over 500 million beneficiaries. Similarly, the Delhi Metro, a vital transportation network for millions of commuters,
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HON
Earnings
- 4/25/24 - Beat
HON
Sec Filings
- 5/17/24 - Form 4
- 5/16/24 - Form 4
- 5/16/24 - Form 4
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