DCB, ITZ Cash launches country's first freedom prepaid card
Development Credit Bank (DCB) and ITZ Cash in association with Visa have launched the country's first freedom prepaid card. The bank is targeting about making one million cardholders in next three years. The card will provide an instrument to the common man, who till today has been marginally excluded from experiencing the benefits of e-payment instrument like credit/debit cards.
Further, DCB-ITZ cash freedom prepaid card is a very innovative and powerful step towards empowering the urban unbanked segments.
Development Credit Bank provides banking services to customers in retail, small and medium enterprises, and corporate banking markets in India. It offers current and savings accounts, fixed deposits, recurring deposits and loans.
The bank’s net profit for the quarter under review rose by 176.56% at Rs 13.33 crore as compared to Rs 4.82 crore for the quarter ended September 30, 2010. The bank’s income earned has increased by 39.60% to Rs 178.52 crore for the quarter under review from Rs 127.88 crore for the similar quarter of the previous year.
DISCLAIMER: Accord Fintech provides the Content on “AS IS” basis without any express or implied warranties. Accord Fintech does not warrant the accuracy, timeliness, completeness, adequacy, merchantability, or fitness for a particular purpose of the Content, and Accord Fintech shall not be liable to Licensee or to any third party with respect to any actual or alleged inaccuracy, untimeliness, incompleteness, inadequacy, unmerchantbailty or unfitness.
Copyright 2011 Accord Fintech Pvt. Ltd., distributed by Contify.com
