THE war over credit cards is heating up with all the major banks in town going all out to garner a bigger market share through various promotional means.
As competition becomes stiff, questions loom as to whether such aggressive moves would result in a lower quality of the customer base, threatening a similar scenario of the recent US$4.5bil bail- out of South Korean LG Card.
A nearly free-for-all market also sparked the need for a security system for cards, which is instrumental in protecting clients’ wealth and security.
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Raymond Choong |
A StarBiz team led by assistant news editor B.K. Sidhu, together with chief reporter Hanim Adnan and business journalist Daljit Dhesi spoke to major credit card players on the insights to the industry.
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