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 if a customer were to loose his/her phone, the credit card account cannot be misused because […]
Entries from February 2008
Reliance (RCom) and HDFC launch MPay mobile credit card
February 20th, 2008 · 1 Comment
Tags: HDFC
Standard Chartered and Emirates Airlines launch co-branded credit card
February 7th, 2008 · 1 Comment
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 and Platinum. The credit card will allow users to earn ’skyward miles’ against any purchases made […]
Tags: Air tickets · Emirates · standard chartered
IndiaPay: India’s answer to Visa and MasterCard
February 5th, 2008 · No 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 (till Nov 2007) India has about 2.5 crore credit cards with transactions reaching Rs.36,661 crores.
IndiaPay […]
Tags: MasterCard · News · Payment gateway · Visa
Should banks use recovery agents? How do you deal with credit card defaulters?
February 1st, 2008 · 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 use a heavy handed approach to recover the debt?
There have been incidents in the recent past […]
