A plastic card with a built-in microprocessor, used typically for electronic processes such as financial transactions and personal identification.
- He added: ‘Ideally we would like to move on to smart cards or virtual smart cards.’
- The Reserve Bank of India has introduced a number of restrictions on the issue of debit cards and smart cards by banks.
- And the migration from magnetic stripe cards to smart cards within the financial sector is expected to provide greater opportunity to use these cards for mobile commerce.
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