Business Daily from THE HINDU group of publications
Thursday, May 10, 2007
ePaper
Business Daily from THE HINDU group of publications Thursday, May 10, 2007 ePaper |
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Money & Banking
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Internet Markets - Financial Services Marketing - New Products & Services Our Bureau
MR H.N. SINOR (left), Chief Executive, IBA, with Mr Nitin Gupta, General Manager - South Asia, MasterCard, at a press conference in Mumbai on Wednesday. — Paul Noronha
Mumbai May 9 Customers in need of financial advice can now talk to Mr Mani, the virtual financial wizard on the new Web portal (www. money4you.in) launched by Indian Banks' Association (IBA) in collaboration with MasterCard Worldwide and India Cards Council. Mr H.N. Sinor, Chief Executive, IBA, unveiled the Web-based consumer education initiative - Financial Know-How - on Wednesday here. "Banks are growing at a rapid pace and it is essential to be open and transparent. We should not take advantage of the gullibility of the customers," said Mr Sinor. The objective of the initiative is to empower the average person with financial information and guidance to make informed decisions. The portal will help understand credit, choosing and using a card, besides security aspects.
Personal budgeting
It will also help in personal budgeting and offer credit counselling services. The Web site will also offer assistance to work out equated monthly instalments for loans. MasterCard Worldwide has launched similar country specific portals in the US, Taiwan, Australia and China. Mr Nitin Gupta, General Manager - South Asia, MasterCard Worldwide, said, "This portal has been designed keeping in mind the Indian consumer."
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