In the 1990s, banks classified customers and their rewards by issuing only Platinum, Gold, or Titanium cards. Consumers had no choice in selecting a card, as the type of card issued was solely determined by their income. The industry saw a significant shift in 1997 when Citibank, in collaboration with Indian Oil Corporation, introduced India’s … Read more
The convenience and simplicity of online transactions have significantly propelled the widespread adoption of credit cards in recent times. With the exponential growth of e-commerce platforms and digital services, consumers are drawn to the ease and speed of online purchases. Raj Khosla, Founder and MD of MyMoneyMantra.com, talks to Navneet Dubey of BT Money Today about the … Read more
London: A government-backed trial of free fitness trackers linked to an app to offer incentives such as discount vouchers and cinema tickets to people who eat healthy and exercise more has been launched for the first time in the UK on Friday. The Better Health: Rewards app is being trialled in Wolverhampton in the West … Read more
The finance ministry has asked all ministries and departments to cut controllable expenditure by a fifth and suggested as many as 18 areas where reductions can be made, such as advertisement and publicity, office expenses and overtime allowance. The government faces higher expenditure on the centralised procurement of Covid-19 vaccines and the free food ration … Read more