Experian launches two easier ways to pay for your Credit Information Report

Pay by cash at any of 65,000 bank branches across India for your Experian CIR
NEFT payment option for Experian CIRs now made possible

Mumbai, 27 September, 2010: Experian Credit Information Company of India Private Limited, the first CICRA licensed credit bureau to go live in India, today announced the launch of two new payment options to allow consumers a convenient way to order their Experian Credit Information Reports (CIR). Experian’s latest initiative is an innovative option, breaking away from the older and more onerous payment option to order a CIR.  Experian Credit Information Company of India Private Limited, the first CICRA licensed credit bureau to go live in India, today announced the launch of two new payment options to allow consumers a convenient way to order their Experian Credit Information Reports (CIR). Experian’s latest initiative is an innovative option, breaking away from the older and more onerous payment option to order a CIR. 

Experian is the first credit information company in India to enable National Electronic Fund Transfer (NEFT) payment options which allows consumers to pay in cash at any one of 65,000 NEFT enabled bank branches across the country or to pay on-line using the NEFT enabled net banking service. This is in addition to the existing facility to pay using a banker’s draft.

For further details on the new payment options and how to order your Experian CIR, you can visit the Experian India website, www.experian.in or call the consumer support desk on +91 22 6641 9000

The average Indian consumer, with limited or no access to a credit card or net banking, will find it extremely convenient to use this NEFT enabled payment option. Credit cards and net banking penetration is considerably lower as compared to the total banked population in India. According to the recent BCG-FICCI-IBA study on “Indian Banking 2020: Making the Decade’s Promise Come True”, internet banking penetration in India is limited to 14% for foreign banks, 7% for new private banks and 2% for PSU and old private banks.

Phil Nolan, Managing Director, Experian Credit Information Company of India Private Limited said, “Monitoring your credit information report on a regular basis allows you to take control of your finances. It has been our intent to make it convenient for consumers to access their Experian CIR. The initiation of two more, easier and faster modes of payment is our first step in that direction. NEFT makes it extremely convenient for virtually every consumer in India to pay for their CIR irrespective of whether they have access to the internet or not.”

ENDS

Contact:
Experian India
india.marketing@experian.com

About Experian
Experian is the leading global information services company, providing data and analytical tools to clients in more than 90 countries. The company helps businesses to manage credit risk, prevent fraud, target marketing offers and automate decision making. Experian also helps individuals to check their credit report and credit score, and protect against identity theft.

Experian plc is listed on the London Stock Exchange (EXPN) and is a constituent of the FTSE 100 index. Total revenue for the year ended 31 March 2010 was $3.9 billion. Experian employs approximately 15,000 people in 40 countries and has its corporate headquarters in Dublin, Ireland, with operational headquarters in Nottingham, UK; Costa Mesa, California; and São Paulo, Brazil.  For more information, visit http://www.experianplc.com .

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