Punjab National Bank (PNB) a public sector lender with an aim to expand its credit card base world wide as well as among high end customers. PNB has aim to issue 200,000 global credit cards by March 2010.
PNB Chief General Manager (Credit Card Venture) Ranjan Dhawan told reporters, "We are targeting to issue two lakh global credit cards to our customers by end of the current fiscal".
Soon the bank will be launching new cards- Corporate and Platinum credit cards. He told, "Corporate Cards will be meant for senior executives of companies who often travel for business purposes. In this category, there will be two cards such as Individual liability and corporate liability".
The second Platinum card will have enhanced benefits for high income group customers (income having between Rs 7 to 10 lakh per annum). He said, "This card will meet the requirements of customers like premium gold membership, lounge expenses etc".
He added, "Trials for these cards are already on and we hope to launch them within next two months".
Earlier in February this year bank has launched the credit cards in association with VISA, bank is already having a card base of 28,000. This card can be used at over 29 million merchant establishments and one million ATMs worldwide which are using VISA as a payment gateway.
As the bank has taken decision of venturing into Card Acquiring Business, Dhawan informed the bank under this program will be providing Point of Sales (PoS) terminals to merchandise establishments which are associated with it.
He further added, "We have sought Expression of Interest for launching this service and we hope to introduce the same within the next 8-9 months".
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