The Financial Services Marketing Blog

Archive for the ‘Bill Payment’ Category

Banks going beyond financial services

Thursday, November 12th, 2009

We all know banks bundle up financial services to offer us a whole package. Financial services that go hand in hand with banking are: Insurance Bill Payments Depository Services Mutual Funds However to become a one stop stop for more and more of needs here are what banks offering HDFC Bank offer you chance to ...

Electronic transactions show sharp increase

Friday, October 17th, 2008

The Economic Times reports of a 3-fold increase in electronic settlement transactions since April 2007. With RBI heavily promoting e-transactions, including making transactions with entities it controls to be mandatorily electronic, more and more people are preferring online channels to send and receive money. These channels comprise Electronic Clearing Services ...

Marketing Prepaid Cards through Social Networks

Tuesday, July 8th, 2008

Edo Interactive has introduced its Facecard line of prepaid products in the Nashville area, where the company is based. Several local merchants are offering discounts and promotions tied to the cards, which are issued by MetaBank. Along with the card, Edo Interactive is offering a marketing platform that merchants can ...

E-Money makes 20% of Japan consumer spending

Saturday, March 22nd, 2008

The International Herald Tribune reports on the growing e-money revolution in Japan. While mobile payments have made an appearance in most mature mobile markets, at least in some rudimentary form, the RFID-based Mobile Suica system in Japan is making life easier for consumers at a significant scale. "Mobile Suica ...

India’s first virtual credit card

Saturday, February 23rd, 2008

In yet another step forward towards mobile banking, Reliance Communications and HDFC Bank have launched India’s first virtual credit card. Reliance announced a mobile wallet service ahead of its GSM competitors for a potential base of 1 to 2 million of its subscribers that are also account holders ...

Two interesting studies by ASSOCHAM

Tuesday, February 19th, 2008

Average individuals are honouring their personal and statutory obligations by way of online payments and saving about 80 hours of their precious time in a year as the number of e-billing business is growing by 200% and its size likely to touch 6.5 million by 2008-09 from current level of ...

NetSafe – a hidden gem in secure online shopping

Friday, January 25th, 2008

An email today reminded me of what has to count among the more useful consumer banking apps. Considering the concerns around online shopping,  HDFC Bank's NetSafe service is truly one of those solutions that should have provided much needed impetus to online shopping. Online shoppers are often concerned about revealing their ...

ICICI Bank takes the lead with complete mobile banking

Monday, January 14th, 2008

ICICI Bank has launched “iMobile” a downloadable Mobile Banking Application. It has rich and intuitive UI and works on both, GPRS and secure SMS. ICICI Bank’s application works across all GSM service providers. But it is not compatible on CDMA as of now. The bank is working on it, said ...

Corporation Bank quietly bringing about an IT revolution

Monday, December 17th, 2007

A short article in The Businessline caught our attention…it stated Corporation Bank will now offer a ‘financial health check-up’ for its customers. The bank is offering this service at two of its centres, Mumbai and Bangalore. Customers can get their finance portfolio examined, find out if it is a healthy mix ...

HSBC goes ballistic on alternate channels

Friday, November 16th, 2007

If recent customer communication from HSBC is anything to go by, the Bank seems to be going after channel migration with a vengeance. From free gifts for opening Rupee Deposits online, to Domino's Pizza vouchers for registering for Mobile Alerts, the Bank is pulling all stops to get more of ...