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Mobile wallet comes from Corporation Bank

Written by Oliver Laker on April 15, 2011.

Public sector lender, Corporation Bank has introduced the mobile wallet facility which will allow its customers to use their mobile phones for making transactions.

The scheme has been named, ‘ypaycash’ through which any account holder of the bank can make purchases with his mobile phone.

Customers can now avail this service by transferring upto Rs 5000 from their bank account to mobile wallet.

“A special application is installed on the customer’s mobile phone through which a transaction is completed.

Read Full Text…

IndusInd Bank will buy credit card biz of Deutsche Bank

Written by Oliver Laker on March 26, 2011.

Private sector lender, IndusInd Bank has decided to buy the credit card operations of the Indian division of Deutsche Bank.

Talks about Deutsche Bank selling off its credit card business  have been in the air since quite some time. Amongst various contenders for the same, the bank had finally shortlisted two lenders namely, Axis Bank and IndusInd Bank.

The credit card business of the lender has 1,50,000 active cards and and outstanding amount worth Rs 2-2.5 billion rupees.

“IndusInd is close to striking the deal with Deutsche Bank and could offer a small premium to the amount outstanding on the current credit card base, which is in the range of 225-250 crore (2.25-2.5 billion rupees),” said a source having knowledge about the issue.

“The deal is in its last leg and IndusInd seems to have an edge over Axis Bank as it would be able to absorb the 217 people employed in the credit card division of Deutsche Bank.

Read Full Text…

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    Mobile wallet comes from Corporation Bank

    Written by Oliver Laker on April 15, 2011.

    Public sector lender, Corporation Bank has introduced the mobile wallet facility which will allow its customers to use their mobile phones for making transactions.

    The scheme has been named, ‘ypaycash’ through which any account holder of the bank can make purchases with his mobile phone.

    Customers can now avail this service by transferring upto Rs 5000 from their bank account to mobile wallet.

    “A special application is installed on the customer’s mobile phone through which a transaction is completed.

    Read Full Text…

    IndusInd Bank will buy credit card biz of Deutsche Bank

    Written by Oliver Laker on March 26, 2011.

    Private sector lender, IndusInd Bank has decided to buy the credit card operations of the Indian division of Deutsche Bank.

    Talks about Deutsche Bank selling off its credit card business  have been in the air since quite some time. Amongst various contenders for the same, the bank had finally shortlisted two lenders namely, Axis Bank and IndusInd Bank.

    The credit card business of the lender has 1,50,000 active cards and and outstanding amount worth Rs 2-2.5 billion rupees.

    “IndusInd is close to striking the deal with Deutsche Bank and could offer a small premium to the amount outstanding on the current credit card base, which is in the range of 225-250 crore (2.25-2.5 billion rupees),” said a source having knowledge about the issue.

    “The deal is in its last leg and IndusInd seems to have an edge over Axis Bank as it would be able to absorb the 217 people employed in the credit card division of Deutsche Bank.

    Read Full Text…

    Mobile wallet comes from Corporation Bank

    Written by Oliver Laker on April 15, 2011.

    Public sector lender, Corporation Bank has introduced the mobile wallet facility which will allow its customers to use their mobile phones for making transactions.

    The scheme has been named, ‘ypaycash’ through which any account holder of the bank can make purchases with his mobile phone.

    Customers can now avail this service by transferring upto Rs 5000 from their bank account to mobile wallet.

    “A special application is installed on the customer’s mobile phone through which a transaction is completed.

    Read Full Text…

    IndusInd Bank will buy credit card biz of Deutsche Bank

    Written by Oliver Laker on March 26, 2011.

    Private sector lender, IndusInd Bank has decided to buy the credit card operations of the Indian division of Deutsche Bank.

    Talks about Deutsche Bank selling off its credit card business  have been in the air since quite some time. Amongst various contenders for the same, the bank had finally shortlisted two lenders namely, Axis Bank and IndusInd Bank.

    The credit card business of the lender has 1,50,000 active cards and and outstanding amount worth Rs 2-2.5 billion rupees.

    “IndusInd is close to striking the deal with Deutsche Bank and could offer a small premium to the amount outstanding on the current credit card base, which is in the range of 225-250 crore (2.25-2.5 billion rupees),” said a source having knowledge about the issue.

    “The deal is in its last leg and IndusInd seems to have an edge over Axis Bank as it would be able to absorb the 217 people employed in the credit card division of Deutsche Bank.

    Read Full Text…

    Mobile wallet comes from Corporation Bank

    Written by Oliver Laker on April 15, 2011.

    Public sector lender, Corporation Bank has introduced the mobile wallet facility which will allow its customers to use their mobile phones for making transactions.

    The scheme has been named, ‘ypaycash’ through which any account holder of the bank can make purchases with his mobile phone.

    Customers can now avail this service by transferring upto Rs 5000 from their bank account to mobile wallet.

    “A special application is installed on the customer’s mobile phone through which a transaction is completed.

    Read Full Text…

    Mobile wallet comes from Corporation Bank

    Written by Oliver Laker on April 15, 2011.

    Mobile wallet comes from Corporation Bank

    Written by Oliver Laker on April 15, 2011.

    Public sector lender, Corporation Bank has introduced the mobile wallet facility which will allow its customers to use their mobile phones for making transactions.

    The scheme has been named, ‘ypaycash’ through which any account holder of the bank can make purchases with his mobile phone.

    Customers can now avail this service by transferring upto Rs 5000 from their bank account to mobile wallet.

    “A special application is installed on the customer’s mobile phone through which a transaction is completed.

    Read Full Text…

    Public sector lender, Corporation Bank has introduced the mobile wallet facility which will allow its customers to use their mobile phones for making transactions.

    The scheme has been named, ‘ypaycash’ through which any account holder of the bank can make purchases with his mobile phone.

    Customers can now avail this service by transferring upto Rs 5000 from their bank account to mobile wallet.

    “A special application is installed on the customer’s mobile phone through which a transaction is completed.

    Read Full Text…

    IndusInd Bank will buy credit card biz of Deutsche Bank

    Written by Oliver Laker on March 26, 2011.

    Private sector lender, IndusInd Bank has decided to buy the credit card operations of the Indian division of Deutsche Bank.

    Talks about Deutsche Bank selling off its credit card business  have been in the air since quite some time. Amongst various contenders for the same, the bank had finally shortlisted two lenders namely, Axis Bank and IndusInd Bank.

    The credit card business of the lender has 1,50,000 active cards and and outstanding amount worth Rs 2-2.5 billion rupees.

    “IndusInd is close to striking the deal with Deutsche Bank and could offer a small premium to the amount outstanding on the current credit card base, which is in the range of 225-250 crore (2.25-2.5 billion rupees),” said a source having knowledge about the issue.

    “The deal is in its last leg and IndusInd seems to have an edge over Axis Bank as it would be able to absorb the 217 people employed in the credit card division of Deutsche Bank.

    Read Full Text…

    IndusInd Bank will buy credit card biz of Deutsche Bank

    Written by Oliver Laker on March 26, 2011.

    IndusInd Bank will buy credit card biz of Deutsche Bank

    Written by Oliver Laker on March 26, 2011.

    Private sector lender, IndusInd Bank has decided to buy the credit card operations of the Indian division of Deutsche Bank.

    Talks about Deutsche Bank selling off its credit card business  have been in the air since quite some time. Amongst various contenders for the same, the bank had finally shortlisted two lenders namely, Axis Bank and IndusInd Bank.

    The credit card business of the lender has 1,50,000 active cards and and outstanding amount worth Rs 2-2.5 billion rupees.

    “IndusInd is close to striking the deal with Deutsche Bank and could offer a small premium to the amount outstanding on the current credit card base, which is in the range of 225-250 crore (2.25-2.5 billion rupees),” said a source having knowledge about the issue.

    “The deal is in its last leg and IndusInd seems to have an edge over Axis Bank as it would be able to absorb the 217 people employed in the credit card division of Deutsche Bank.

    Read Full Text…

    Private sector lender, IndusInd Bank has decided to buy the credit card operations of the Indian division of Deutsche Bank.

    Talks about Deutsche Bank selling off its credit card business  have been in the air since quite some time. Amongst various contenders for the same, the bank had finally shortlisted two lenders namely, Axis Bank and IndusInd Bank.

    The credit card business of the lender has 1,50,000 active cards and and outstanding amount worth Rs 2-2.5 billion rupees.

    “IndusInd is close to striking the deal with Deutsche Bank and could offer a small premium to the amount outstanding on the current credit card base, which is in the range of 225-250 crore (2.25-2.5 billion rupees),” said a source having knowledge about the issue.

    “The deal is in its last leg and IndusInd seems to have an edge over Axis Bank as it would be able to absorb the 217 people employed in the credit card division of Deutsche Bank.

    Read Full Text…

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