Getting a credit card has never been this easier before. Now banks like ICICI, Axis, SBI and such others are issuing credit cards against the fixed deposit accounts opened with them. This new idea is formulating in the market virally as the banks aggressively marketing this product in the market with a new enthusiasm.
Few years back, India didn’t have its own mobile payment platform, but a Bangalore based company iKaaz made overcome the issue by launching an android app of mobile payment known as Mowa. No more, the users of the country needs to depend on the international app for receiving and making the payments as the app solves our problem by enabling us to do all this in much easier way.
Have you ever stopped to think about the evolution and History of the credit card ? Throughout history, many different methods were used to keep track of credit. Eventually, as you may know, we ended up with the credit card. Here’s what went on before that magical little piece of plastic came about.