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December 2, 2019
On the web
India’s Millennial Credit Card Boom Runs Into Ambani
“For every 100 people in India, there are only three credit cards. A comparable penetration figure for the U.S. is 320. Statistics like these suggest that India’s first initial public offering of a credit card issuer is either an opportunity with boundless prospects — or a victim of arrested development. Which is it? The upcoming sale of shares in SBI Cards and Payment Services Ltd. will give investors a chance to find out.”
October 3, 2019
On the wires
Lands’ End Launches New Branded Credit Card To Better Serve Customers, Drive Loyalty
“Lands’ End, Inc. (NASDAQ: LE ), a uni-channel retailer, has announced a new, exclusive Visa® credit card to drive loyalty and offer special customer rewards. Starting today, customers can apply for the credit card to gain access to free standard shipping on all U.S. Lands’ End online orders with no minimum spend, among other benefits. This move further supports loyal Lands’ End consumers while serving the brand’s mission to offer convenient options and excellent customer service.”
August 16, 2019
On the wires
Discover and Verve Mark Launch of Verve Global Card With First Transaction Event
“Verve, a leading payments technology company and Interswitch’s card scheme in Africa, and Discover Global Network, the payments brand of Discover, held an event to launch the Verve Global Card. Cardholders will now have the ability to use their Verve Global Cards on the Discover Global Network which provides acceptance at millions of merchants globally. This will expand Verve’s existing suite of tailored payment products and solutions for its customers.”
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