The Commercial Bank of Ceylon says its debit cardholders now can receive discounts at more than 50 merchants under a new promotion, according to press reports. The bank offered no immediate comment to CardLine Global, but the financial institution previously had offered the promotion to credit cardholders, according to reports. The bank issues Visa-branded cards. Bank officials say consumer use of debit cards has been growing since financial authorities imposed a 1% "stamp duty" on credit card purchases, and the bank hopes the promotion sparks even more use, according to reports. The bank has 200,000 debit cardholders. The promotion will run until the end of the year.
Authoritative analysis and perspective for every segment of the payments industry
Authoritative analysis and perspective for every segment of the industry
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