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MasterCard sponsors IPL team Mumbai Indians

MasterCard sponsors IPL team Mumbai Indians

  Credit Card major MasterCard has joined the IPL band wagon by announcing itself as the founding sponsor of the Reliance Mumbai Indians team. MasterCard is celebrating its 25th year in India. With every major company wanting a piece of the... (Continue reading)

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Credit card complaints on the rise in India

Credit card complaints on the rise in India

An RBI report put the total number of banking complaints at 38,638 in 2006-07 up 22% from 2005-06 which was at 31,732. The banking ombudsman’s scheme now also includes credit card complaints which may have lead to the increase in... (Continue reading)

LIC credit card launch still on by year-end

I had posted earlier that that LIC with its joint venture partner GE Money would launch its credit card operation by September. However, after various speculations on will they or wont they it looks like they finally will launch their... (Continue reading)

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SBI Credit Cards Posts Rs.186.61 cr loss

SBI Credit Cards has posted a loss worth Rs.186.61 crores for the quarter ending Dec 2007. Its non performing assets (NPA) amounted to a record breaking 16.28% the highest in the industry. SBI and its partner GE Money had entered into... (Continue reading)

DCB launches credit card business

DCB launches credit card business

Development Credit Bank (DCB) has announced the launch of its credit card business in India. ICICI bank will manage the credit card business for DCB. DCB has named its credit card as, the DCB Advantage Credit Card which will be... (Continue reading)

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IndiaPay: India’s answer to Visa and MasterCard

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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India among top 3 countries to use credit cards for online shopping

Research firm Nielsen released its latest report the “Nielson Global Online Survey on Internet Shopping Habits” with some interesting facts on online shopping behavior from online shoppers around the world. According to the survey India came in third with 84%... (Continue reading)

Cleartrip now accepts debit cards and international credit cards

Cleartrip now accepts debit cards and international credit cards

Online travel portal Cleartrip just announced the launch of an upgrade to its payment system which now accepts debit cards from HDFC Bank and Axis Bank. That’s not all, it also announced that they are now accepting international credit cards... (Continue reading)

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