Daily Banking Industry News
Wednesday 03rd of December 2008

Banking Sectors:

By company:

By organisation:

Also see:

September 9, 2008

JP Morgan and YES Bank provide prepaid cards in India

by Richard Kilner

Story link: JP Morgan and YES Bank provide prepaid cards in India

A collaborative deal between YES Bank and JP Morgan has been agreed, whereby YES Bank will offer its customers pre-paid Visa US$ travel cards.

Utilising JP Morgan’s prepaid credit card expertise, YES Bank will provide YES Bank-branded Visa US$ prepaid travel cards to its customers.

Customers of YES Bank will thereby gain a secure and convenient alternative to travellers’ cheques and foreign currency, with the processes hosted on JP Morgan’s proprietary technology platform.

Using the prepaid cards, it will be possible to withdraw local currency from cashpoints outside India, Nepal and Bhutan.

YES Bank’s president and global head of international banking, Arun Agrawal, explained that the firm has selected JP Morgan to work with due to its commitment and extensive experience in the prepaid card arena.

 

Add to Bookmarks:

ADD TO NETSCAPE     ADD TO DEL.ICIO.US     ADD TO DIGG     ADD TO FURL

ADD TO STUMBLEUPON     ADD TO YAHOO MYWEB     ADD TO GOOGLE     ADD TO SPURL


Related stories to: JP Morgan and YES Bank provide prepaid cards in India

New CEO for Morgan Stanley in India  ...

Morgan Stanley bolsters Infrastructure team  ...

Barclaycard issues 1.7m new credit cards  ...

Debit Card Growth Outstrips Other Plastics  ...

Mashreq Bank and Central Bank of India form ‘virtual branch’  ...

No Comments »

No comments yet.

Leave a comment


Previous: « Legg Mason appoint chief administrative officer
Next: Deutsche Bank hires three in North Asia »

Visited 426 times, 2 so far today

Investment Banking News

Investment Banking Newss
Evolution Securities expands Fixed Income unit



Employment News

Banking Employment & Jobs News
Federated acquires Clover Capital Management