MUMBAI: Southeast Asia's biggest bank DBS Group Holdings is preparing to enter the local credit card market in India in 2020, a senior company executive said on Tuesday .
Global rivals, such as Citigroup, are also looking to expand their credit card customer base in India. Earlier this year, India's top digital payments player Paytm announced plans to launch a card with Citi, giving the US bank an opportunity to service some of Paytm's more than 300 million clients. DBS, which had set a target of reaching a 5 million customer base in India by 2023, now expects to achieve this target early."We've crossed more than half the customer target already and hence we'll be able to cross the mark before the deadline," said Mr Sengupta.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
MCT to benefit from revamp of Greater Southern Waterfront: DBSDBS Group Research on Monday noted that the goverment's efforts to rejuvenate the Greater Southern Waterfront (GSW) area offers significant opportunities for developers, with Mapletree Commercial Trust (MCT) standing to gain as VivoCity, which is owned by the trust, is likely to remain the 'bedrock of the GSW rejuvenation'. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
38 dead in monsoon in northern India, while New Delhi on alertNEW DELHI (DPA) - The death toll from torrential monsoon rains in northern India climbed to 38 on Monday (Aug 19), as the national capital New Delhi issued a flood alert and ordered evacuations of thousands of people.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »
India reimposes restrictions as protests break out in KashmirSRINAGAR Indian authorities yesterday reimposed restrictions on movement in major parts of Kashmir's biggest city, Srinagar, after violent overnight clashes between residents and police in which dozens were injured. There has been a series of protests against New Delhi's...
Source: thenewpaper - 🏆 7. / 63 Read more »
Trump urges India and Pakistan to reduce tensions in call with leadersU.S. President Donald Trump spoke with the leaders of India and Pakistan on Monday, discussing prospects for improved trade ties with Washington ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Trump urges India, Pakistan to reduce tensions in call with leadersNEW DELHI (REUTERS) - US President Donald Trump spoke with the leaders of India and Pakistan on Monday (Aug 19), discussing prospects for improved trade ties with Washington and stressing the need to reduce tensions over Kashmir between the nuclear-armed neighbours.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »
Pakistan accuses India of using water as a weapon in Kashmir disputeISLAMABAD (REUTERS) - Accusing India of waging'fifth-generation warfare', Pakistan said on Monday (Aug 19) New Delhi had failed to inform it about the release of water from a dam that could cause flooding across the border.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »