August 31, 2010, 11:31 am
THE RM50 service tax imposed by the government on credit and charge cards from January this year has caused the card industry to shrink 15 per cent, as measured by the number of credit card accounts. However, market leader Citibank Bhd said that cancellation of its cards has been lower than the industry average. According to its head of consumer markets, Fabio Fontainha, Citibank credit cards ...