State-run Corporation Bank is considering to launch a multi-utility cash card, which can be used as a debit, credit and pre-paid card, in the current year, a top official said.
If the initiative fructifies, then Corporation Bank would be the first Indian bank to come out with a one-stop technical solution through a combo card — a fusion of credit, debit and pre-paid cards, the official said.
“We are planning to launch the combo card this year. However, we are still fine-tuning our plans. There is this proposal and we will launch a pilot programme first... May be in Mumbai in the next six months,” Corporation Bank’s General Manager B R Bhat said.
