Central Bank of India and MasterCard

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Banking/Finance

Central Bank of India and MasterCard collaborate to launch new cards & innovative banking solutions

Sep 26, 2012

In a glittering function on 25th Sep 2012, Central Bank of India launched an array of credit, debit & prepaid cards products  to meet the needs of today’s consumer. The bank has launched three debit cards (International shopping debit card, Platinum Debit Card and Nexgen debit card for minors), two credit cards ( World Credit Card, Co- branded card with Indian Dental Association) and a Student Prepaid card for disbursement of scholarship.  These cards comes with bouquet of features like free Air Ticket, petrol, Surcharge waiver, loyalty points, airport lounge access, insurance cover and many more offers & value additions.
The bank also introduced on-line deposit product for its net banking customers.  Central bank Of India is first public sector bank to launch such product. Bank also launched  railway ticketing through IRCTC portal.
The  card can be used for almost all requirements, be it shopping, buying movie tickets, dining out, fuelling up your vehicle, booking railway tickets, hospitals, on e- commerce platforms- just about any financial requirement, whether planned or impulsive.
Mr. T. V. Seshadri, Division President, South Asia, MasterCard Worldwide, said, that MasterCard  continually look for ways to create stronger connections with customers by providing innovative products that are customer centric.
Chief Guest Padaashree Prof N Balakrishnan, appreciated the innovative steps taken by Central Bank Of India and said by citing examples that upcoming intelligent computer technology will change the way customer bank today.
Mr. M.V. Tankasale Chairman & MD Central bank of India said Central bank Of India is the first Bank to launch Credit Card in India in 1980 and  Debit Card in 2001. He further informed that the new products shall come up to the expectation of customers and are one step towards cashless economy.
You can contact author:   newsmedia@rediffmail.com

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