Punjab National Bank launches global credit card
Punjab National Bank has announced the launch of their own global credit card.
They are collaborating with VISA for this new credit card offering.
The card was launched by the Deputy Chairman of the Planning Commission Montek Singh Ahluwalia on Friday.
PNB claims that this card would be acceptable in over [...]

MasterCard to settle lawsuit with American Express
MasterCard has announced that they are now going to settle their lawsuit with American Express.
The world’s second-largest credit-card network would be paying American Express up to $1.8 billion to settle this lawsuit.
The lawsuit claimed that MasterCard and Visa forced banks to not issue credit cards from the rival company.
MasterCard [...]

Visa to file for an IPO to raise $17 billion

Visa Inc is the world’s largest credit-card network and they are preparing to launch their IPO.
The company has filed to raise up to $17 billion through this IPO which is expected to become the largest initial public offering ever.
They are planning to list its share on [...]