subject: Abn Amro Credit Card The Best Indian Credit Card Company [print this page] Soon, there is no need to bring money in plastic for payment purposes; a mobile phone acts as a credit card number. Recently, Reserve Bank of India (RBI) in its annual policy statement announced that it has been the development of guidelines for charging a cell phone. The RBI has discussed the various banks, public and private service providers and sector bodies to develop the payment system. The RBI said that the draft guidelines should be given its official website, June 15, 2008. India, mobile use is growing rapidly. There are about 250 million mobile connections to the ground, while the holders of ABN AMRO Credit Card are far less mobile users. In fact, the mobile payments will be considered for some time a step forward.
Reported by the Times of India, RBI said that the policy statement of this rapidly growing mode of communication and trade has emerged a new delivery channel for banks. "The RBI also said: This channel will facilitate small payments to merchants, service providers, utilities and the like, and the transfer of cheap money". The credit markets will be a gradual change slightly this year, the joint venture Life Insurance Corporation of India (LIC) and GE Money is likely to launch its first product by the end of 2008 as reported by Business Standard, the project is now the ABN AMRO Credit Card. But we have considered these issues (conflict of interest). We are currently looking for human resources. The two economic giants are planning to launch a card by the end of the calendar year.
When the credit card is launched, it would only be available to customers and policyholders of LIC's first year. GE Money has a 30 per cent in the card business, while LIC Housing Finance Company, LIC Mutual Fund and Corporation Bank have 5 per cent each in this effort. LIC will be 40 percent of the company that has capitalized on nearly Rs.150 crore issues. LIC is yet to decide on the remaining 15 percent of total investment. In this positive development, ABN AMRO Credit Card introduced in India Travel portal MakeMyTrip.com a credit card co-branded distinctive "Go Card" recently. The card offers special benefits and reward good selection of travel related offers and packages.
