On Monday, Barclays Bank Plc said it will offer mobile banking facility to its credit card customers who can now access their accounts through SMS.
This facility will be offered free of cost by Barclays Bank to both existing and new credit card customers.
The release said, with this new facility customers can check their current outstanding balance, payment details and mini-statement details of their credit card by sending text messages.
Every SMS that the customer sends to 56161 with the required instructions will attract the charges as levy by the mobile services provider of the customer. Managing Director Ram Gopal Barclays Bank Plc India's Interim said that "mobile technology is quickly becoming a leading source of convenience for customers as more and more customers want information on the progress...the current offering from Barclaycard, we believe, will add greater convenience to our customers' interactions with the bank."
Apply credit card at www.deal4loans.com and also get more information on Credit Card Eligibility.
Tuesday, July 14, 2009
RBI: Credit card payments decline by 15 percent in April-May 2009.
Due to an impact of economic slowdown, the payments made through credit card decline by about 15 % in the first two months of the current financial compared to the same period last year.
According to RBI latest bulletin. During April and May, the payments made through credit card stand at Rs 9,748 crore against Rs 11,193 crore in the first two months of the last financial.
In April this year, Rs 4,932 crore card payments were made while the amount stood at Rs 4,815 crore for May.
Analysts said the refuse in payment may be due to poor impact of financial condensing on India, as plastic money could be the first casualty in developing country like India.
However, it could also be because some banks reduced credit limits given in cards.
An economist with a leading bank requesting anonymity said "The credit card payments are down because the maximum amount limit given by banks could have been reduced,"
During the first two months of the current financial, the number of such cards issued by banks have also reduced to 4.84 crore against 5.5 crore during the same period last fiscal.
Apply credit card at www.deal4loans.com for get more information on credit card Eligibility.
According to RBI latest bulletin. During April and May, the payments made through credit card stand at Rs 9,748 crore against Rs 11,193 crore in the first two months of the last financial.
In April this year, Rs 4,932 crore card payments were made while the amount stood at Rs 4,815 crore for May.
Analysts said the refuse in payment may be due to poor impact of financial condensing on India, as plastic money could be the first casualty in developing country like India.
However, it could also be because some banks reduced credit limits given in cards.
An economist with a leading bank requesting anonymity said "The credit card payments are down because the maximum amount limit given by banks could have been reduced,"
During the first two months of the current financial, the number of such cards issued by banks have also reduced to 4.84 crore against 5.5 crore during the same period last fiscal.
Apply credit card at www.deal4loans.com for get more information on credit card Eligibility.
Subscribe to:
Posts (Atom)