Citibank launches pre-paid US dollar card in India
Emerging Markets Economy, Nov 18, 2002
Citibank has launched a pre-paid US dollar card along with Visa international. Business manager Atul Malik told reporters in Mumbai that the bank would issue prepaid cards for amounts ranging from US$500 to US$10,000, subject to Reserve Bank of India norms.
According to India Express, the customer can purchase goods and services at point-of-sale machines besides withdrawing cash from ATMs, he said.
He added the bank's credit card base would touch 17 lakh by December 2002. Next year would see the issuance of another three lakh cards, he predicted.
Currently travelers cheque and cash have a 50 per cent share each in overseas spending and world money prepaid card would provide option for electronic payments, Malik said. (Emeconomy.com)
Most Recent Business Articles
- Multiple criteria evaluation and optimization of transportation systems
- Multi-criteria analysis procedure for sustainable mobility evaluation in urban areas
- A two-leveled multi-objective symbiotic evolutionary algorithm for the hub and spoke location problem
- Multi-criteria analysis for evaluating the impacts of intelligent speed adaptation
- The development of Taiwan arterial traffic-adaptive signal control system and its field test: a Taiwan experience
Most Recent Business Publications
Most Popular Business Articles
- 7 tips for effective listening: productive listening does not occur naturally. It requires hard work and practice - Back To Basics - effective listening is a crucial skill for internal auditors
- FAS 109: a primer for non-accountants - Financial Accounting Standards Board's "Statement 109: Accounting for Income Taxes"
- Design a commission plan that drives sales - Sales Commissions
- Too Young to Rent a Car? - 25-years-old the minimum age for car renting - Brief Article
- LIFO vs. FIFO: a return to the basics
Most Popular Business Publications
Content provided in partnership with
