HSBC ties up with Woolworths for credit card alliance
One of Australia’s leading retailers, Woolworths Limited, has tied up with one of the world’s largest banks, HSBC, to issue credit cards in 2008. This alliance takes advantage of one of HSBC’s most successful global technology deployments to date, its One HSBC – Cards platform, together with its world-class card processing service.
Woolworths Limited and HSBC Bank Australia Limited have signed an exclusive Heads of Agreement for the issuance of a Woolworths general purpose credit card in Australia.
A formal alliance agreement is expected be signed by the end of the first quarter 2008, with a view to issuing the credit card to customers by late 2008. — www.theasianbanker.com (February 28 2008)–