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Company : Standard Chartered Bank 
Wednesday, December 19, 2001 3:50PM IST (10:20AM GMT)
 
Hutchison Max and Standard Chartered launch globally valid Visa credit card
'Reward Points' redeemable against Orange services
 
Mumbai, Maharashtra, India

Hutchison Max Telecom Pvt. Ltd., Mumbai's leading cellular service provider, and Standard Chartered Bank, India's largest international banking group, today announced the launch of a co-branded Visa global credit card.

Available in two variants, Classic and Gold, the 'Orange Standard Chartered Card' will not only ease bill payment for the Orange subscriber, but will also offer a host of other benefits.

The Orange Standard Chartered Card holder will be entitled to special benefits such as STD / ISD deposit waiver, additional bonus and roaming points for use of Orange products and services and special introductory discounts for use of value added features like itemized billing, voicemail, Caller Line Identification and WAP. With this card, the Orange subscriber will also enjoy several offers such as shopping, travel discounts and all other benefits of a Standard Chartered Card such as personal accident insurance, Global ATM access and cash advance facility.

The customer has the opportunity to participate in the rewards programme for e.g. settling Orange phone bills through the co-branded card entitles the customer to 'reward points', which can be redeemed in future against a variety of Orange services or exciting purchase at Orange shops or even the annual credit card fee.

Mr.Sandip Das, CEO, Hutchison Max Telecom Ltd, said, "Today's business scenario cannot be won alone. Like minded service businesses, through partnership offerings can multiply value for customers through a single window. Our partnership with Standard Chartered Bank on the co-branded card is in that genre."

Commenting on the venture, Mr. Vishu Ramachandran, Head of Consumer Banking, Standard Chartered Bank, India said, "The convergence of telecom and banking products such as credit cards throws open a wide spectrum of innovative applications. Besides a variety of special privilege offers, the Orange Standard Chartered Cardholder can look forward to a range of Standard Chartered product information on wireless devices such as mobile phones. We are excited about our co-branded card with a strong and vibrant brand like Orange and look forward to a mutually rewarding relationship with the Orange subscriber."

Mr. Santanu Mukherjee, Country Manager, Visa International, South Asia, said, "Co-branded cards make immense sense for cardholders as they have the opportunity to avail the benefits of both the issuer as well as the commercial partner. As the world leader in payment systems, Visa consistently aims to better consumer's lives through technology innovations, new products and strategic alliances. Our alliance with world-class service providers like Orange and Standard Chartered is a step towards further empowerment of Visa cardholders, to enable them to derive more out of life. The Orange Standard Chartered cardholder will have all the benefits of a Visa cardholder including cash access at 650,000 Visa ATMs and acceptance at 22 million merchant outlets globally."

 
Media Contact Details
Arup Saikia, Hutchison Max Telecom Pvt. Ltd, 9820015336, arup.saikia@orange.co.in
Neel Chatterjee, Standard Chartered Bank, (022) 263 4574, Neel.Chatterjee@in.standardchartered.com
 
 
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