Mastercard and Visa Deny Reports of Credit Card Fee Increases
In a recent development, Mastercard has vehemently denied media reports suggesting that it is planning to increase credit card fees later this year. This comes in response to a Wall Street Journal article that claimed fee hikes were scheduled for October and April at Mastercard, as well as its rival, Visa. The reported fee increases […]
People’s Bank and People’s Leasing join hands to introduce a Co-branded Credit Card
People’s Bank, together with Sri Lanka’s pioneering state-owned non-banking financial institution People’s Leasing & Finance PLC (PLC) launched co-branded credit cards – VISA Platinum and VISA Signature – at a special ceremony held at the PLC Head Office recently. This collaboration brings together two giants of the Banking and Finance industry to bring a credit […]
Metal cards are the future of finance
In 2019, Apple launched its credit card, made of titanium and weighing 15 grams. The payment industry is in a period of fierce competition. Amidst the battle, metal payment cards have become the hottest ticket in town. Metal cards are now an indicator of luxury status for high-value accounts such as the American Express Centurion. […]