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February, 2008

Reliance (RCom) and HDFC launch MPay mobile credit card

Written on 20 Feb, 2008 at 2:13 in HDFC | viewed 1,458 views times | 1 Comment

Reliance communication and HDFC bank have just launched India’s first mobile credit card “MPay”. The system uses a mobile phone to make payments instead of the standard credit card that is physically swiped. The system is secure says HDFC, even... (Continue reading)

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Standard Chartered and Emirates Airlines launch co-branded credit card

Written on 7 Feb, 2008 at 0:33 in standard chartered | viewed 1,772 views times | 2 Comments

Standard Chartered bank and Emirates Airlines launched a new co-branded credit card today. The credit card is aimed at frequent travelers offering various travel related benefits. The Standard chartered and Emirates co-branded credit card will be available in two variants Titanium... (Continue reading)

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IndiaPay: India’s answer to Visa and MasterCard

Written on 5 Feb, 2008 at 18:03 in News | viewed 796 views times | 0 Comments

According to a press release from Indian Banks’ Association (IBA), a business plan is currently being made ready to launch a national card payment settlement company. According to figures released by Reserve Bank of India (RBI) on January 16 2008... (Continue reading)

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Should banks use recovery agents? How do you deal with credit card defaulters?

Written on 1 Feb, 2008 at 5:41 in General | viewed 1,489 views times | 3 Comments

A question that has been doing the rounds for some time now. Are banks justified in using recovery agents to collect money from defaulters? The banks obviously would love to say yes but are they justified when these recovery agents... (Continue reading)

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