Friday, September 3, 2010

Milestone of India - Central Bank introduces pre-paid cards.

MUMBAI: As a commemoration of the Commonwealth Games, 2010, Central Bank of India has launched a range of pre-paid cards for the use of the visiting accredited players and delegates as well as for the bank's existing customers.

“The bank is on the threshold of entering its centenary year. As a befitting gesture, the bank has been chosen as the exclusive official banking partner of Commonwealth Games, 2010. The bank is planning to roll out a series of niche products for its endearing customers during this centenary year,” Central Bank of India stated in a press release. The bank offers these pre-paid card variants — Commonwealth cards (a general purpose re-loadable card), Gift card and Travel card in U.S. dollar.

The bank is also going to offer a Titanium Combi Debit card which offers Pin and signature capability on a single card — a first for Indian market. Chairman and Managing Director S. Sridhar, while dedicating these card products for the customers of the Bank, as well as, the general public said, “innovating and pioneering tailor-made banking products to suit each and every need of customers is a thrusted approach of the Bank” He assured that the Bank proposes to spread out more such products during its Centenary Year. MasterCard, the global card major, is the preferred card partner in these prepaid variants by Central Bank of India. “This gives us the opportunity to launch innovative products, enable efficient transaction processing and offer significant value to Central Bank of India's customer base” said T.V. Seshadri, Vice President and Country General Manager, MasterCard South Asia.

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