Financial Daily from THE HINDU group of publications
Thursday, Nov 25, 2004
Financial Daily from THE HINDU group of publications Thursday, Nov 25, 2004 |
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Money & Banking
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Credit Cards & Debit Cards Signature-based debit card launched Our Bureau
(From left) Ms Monica Agrawal, Director, Member Relations, MasterCard International; Mr Nitin Gupta, V-P & General Manager, South Asia, MasterCard International; and Mr Neeraj Swaroop, Country Head, Retail Banking, HDFC Bank, at the launch of HDFC Bank International debit card in Mumbai on Wednesday. - - Paul Noronha
Mumbai , Nov. 24 HDFC Bank and MasterCard International have together launched a signature-based online debit card. The HDFC Bank MasterCard debit card, has been launched in addition to the PIN-based Maestro debit card, currently being offered in India. The debit card, which can be used, for all electronic transactions at merchant establishments as well as ATMs will be provided to the customers opening savings and current accounts with the bank. "Debit cards have been of great interest to the bank, as we have a large number of savings and current accounts," said Mr Neeraj Swaroop, Country Head-Retail, HDFC Bank, addressing a press conference here today. HDFC Bank had a credit card base of around 300,000 at the beginning of this year.
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