Barclays Bank to launch platinum card
Friday, October 05, 2012
The bank's lending director, Sanjay Abraham said the card aims to cater for the specific needs of this segment of the market. Those in the targeted market generally travel a lot and the card is intended to be a convenient tool for the frequent business traveller. Abraham explained that the card is loaded with features that make it a convenient 'travel partner' in Botswana and internationally.
"We have tied up with the best premier airport lounges, including OR Tambo Airport, to allow the Platinum Card holder to eat, drink and shower for free in these lounges," Abraham said.He said at the time of joining, the bank will issue two vouchers to card-owners to be used to gain access to the exclusive lounges. "We are issuing two vouchers, not one, because a lot of times when people travel on business, they travel with someone and we want the travel companion to be catered for as well," Abraham explained. The card qualifies the holder for the bank's World Miles programme, through which every purchase made using the Platinum Card accumulates points which can be redeemed for an air ticket, car rental or hotel payments worldwide with any airline, car rental or hotel anywhere. "Common loyalty programmes are specific to a specific airline but this one can be redeemed on any airline, and it is the first in Botswana," Abraham explained.
Whilst celebrating milestones in inclusivity, with notably P5 billion awarded to vulnerable groups, the report sounds a 'siren' on a dangerous and growing trend: the ballooning use of micro-procurement. That this method, designed for small-scale, efficient purchases, now accounts for a staggering 25% (P8 billion) of total procurement value is not a sign of agility, but a 'red flag'. The PPRA’s warning is unequivocal and must be...