Union Bank of India (UBI), focusing on increasing its
retail banking business, is launching an independent
international credit card in association with Visa International.
The bank will utilise the shared infrastrucutrue for
e-payments by Venture Infotek, India's premier shared
e-infrastructure service provider for its entire credit
will issue 250,000 cards by March 2006, and expects
to double it within one year. The bank has 2,054 branches,
and 98-lakh savings accounts.
Infotek will prove value-added services to the Bank
and extend new features as an offering to all its cards
variants, such a s
"Apply" an application processing and credit
scoring module to screen customers, web enabled "Collections"
module to manage its credit outstandings, and fraud