HDFC Bank to upgrade its credit card business

106°
Analyst
221
4444
28

HDFC Bank Ltd, India’s biggest private sector lender, is looking to replace its legacy credit card system with a modern technology platform to make the processes more efficient and cost-effective, according to a person aware of the matter. The decision to upgrade the system of credit cards is also expected to give customers a better experience and more security, the person said on condition of anonymity.

“HDFC Bank is considering moving its card platform to a credible fintech company for better end-to-end processing of cards, customer experience, and security. There are many new-age fintechs that have developed a good platform for online banking, credit card issuance and management that are offering banks the option to migrate it to their platforms," said the person aware of the matter. “The bank is in talks with fintech companies such as Zeta and Sprinklr for launching their credit cards once the ban is lifted," the person added.

https://www.livemint.com/companies/news/hdfc-ba...

10 Comments  |  
6 Dimers
  • Sort By
0
11215
131
akki.akki wrote:

“once the ban is lifted”

Thank you for highlighting this point.
Mere sbicard k shares safe hai mtlb biggrin

187
1486
7
Expand
MrKool_JJ wrote:

Thank you for highlighting this point.
Mere sbicard k shares safe hai mtlb biggrin

short term ke liye hi rkhna

0
11215
131
Expand
akki.akki wrote:

short term ke liye hi rkhna

Jab tak iska competitor HDFC list ni hota no tension bro wink

0
11215
131

Am i the only one who get these Suta.in ads on DD ? confused flushed

15
2640
23
Expand
MrKool_JJ wrote:

Thank you for highlighting this point.
Mere sbicard k shares safe hai mtlb biggrin

Ipo me mila tha? I am also still holding. 1 yr ke baad bechne ka socha but exact 1 yr ke baad ATH jake ludak gaya.

0
11215
131
Expand
rohan8397 wrote:

Ipo me mila tha? I am also still holding. 1 yr ke baad bechne ka socha but exact 1 yr ke baad ATH jake ludak gaya.

Yes.
Patience is a virtue bro which everyone can’t posses Rohan so keep calm.
I did not even sell when it was trading around Rs.500 pir is bhav pe kyahi bechunga.
Demand and supply also plays a crucial role mate.
Their Q4 2020 results were fantastic because of Amz/Sbi offers so that affected their share price. I was about to sell it around 1.1k but i was busy taking my bath lol hahaha so missed that rate and then it started falling (but obvious because people also started selling) and then i dropped my plan.
Hope this helps Rohan smile

4
9722
47
Expand
MrKool_JJ wrote:

Jab tak iska competitor HDFC list ni hota no tension bro wink

Agr hdfc cc ka ipo aata bh h to it will be good for sbi cards.
Check burger king ipo with westlife run.

0
11215
131
Expand
Awake wrote:

Agr hdfc cc ka ipo aata bh h to it will be good for sbi cards.
Check burger king ipo with westlife run.

Cheap valuations will always attract more buyers.

61
436
6

HDFC has very old school processes where every now and then we need to post forms and proofs to their Chennai office. I had a miserable experience when I had overpaid my CC and wanted refund.

I use SBI, ICICI, CITI, Axis, HDFC CC and I have found SBI to be the best in terms of ease of use, requests regarding services and issues. UI of the app is also the best in class.

Missing