HSBC added another trophy to its acquisition collection by taking over the sole agent for Diners Club credit cards in Sri Lanka and the Maldives.
Diners Club is the worlds first credit card.
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The Citigroup of the USA currently handles its operations. A high-end American credit card, Diners Club is used mainly as a corporate entertainment card.
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rnWith a credit card base of over 100,000, HSBC also offers VISA, MasterCard and JCB (Japanese Credit Bureau). The bank has a terminal sharing agreement with AmEx credit cards.
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rnldblquote We are currently the largest acquirer of credit cards in Sri Lanka and in the Maldives in terms of sales, dblquote says Sarit G Wijeyekoon, the newly appointed Manager of HSBCs Card Centre.rn
rn"In the acquiring market we focus on high-end merchants and because of this we are still number one in terms of card sales volume," he says.rn
rnThere are around 100 or so Diners Club cardholders in Sri Lanka. But the bulk of the business for this top end card come from high