Financial Services (105)
The Russian post office has launched a new financial product for consumers. They can get a microcredit loan (between $100-200 USD) in any post office branch simply by presenting a piece of identification.
Why it matters
Microcredit is something that has really taken off in underdeveloped countries and is usually associated with business development. Will this niche offering attract local customers considering the small amounts loaned?
MasterCard ‘Haal meer uit je card’ (get more from your card) is a portal for online shopping. Buying via the MasterCard portal at selected shops gives you a cash back on your account (about 2-4%).
Garanti have launched the contactless credit card Bonus Trink, which can take the form of a key ring or a watch. It allows you to spend up to €18 at Burger King and Starbucks amongst other retailers with a single touch. No need for PINs or signatures.