Although the bulk of the total demand is expected to come from the "Rashtriya Swasthaya Bima Yojna" (RSBY), we expect a number of private and government health insurance providers to adopt smart card technology in the short and medium terms.

During 2013-2018, we expect smart cards to further percolate into a number of other sectors such as credit/debit cards, financial inclusion, public distribution, healthcare, identity management, transportation, etc.