Citibank eCards
www.citibank.com/india/ecard/index.htm?Indiahome
Spending power: Up to Rs 12,000. Online. Can be used on any site worldwide where MasterCard is accepted.
How does it work? A 16-digit number, valid dates and a card verification number enables users to pay for transactions online, as well as on the telephone. Can also be used to order a draft online.
Pros and cons First mover in the 'Net Only' products category. Could turn out to be the leader of smart cards in the country. Special insurance features lowest price on the net and extended warranty along with flexible credit limit.

Citibank Suvidha
http://www.citibank.com/india/suvidha/suvidha/index.htm
Spending power: To the extent of credit in your bank account. Online and Offline. A bank account that allows you to shop and transfer funds. Currently tied up with 45-50 major e-tailers.
How does it work? All you have to do is log on to your own password-protected account through CitiDirect Internet Banking. Enables you to transfer funds, stop payment of cheques, view balance and account details, shop online and more.
Pros and cons Debit card with a bank account at no extra cost. Offers the prepaid debit card called Citicard, which can be used for offline shopping as well. Also has an innovative reward scheme on its usage.

Infinity-ICICI Bank's internet Banking
http://www.icici.com/icicibank/
Spending power: To the extent of credit in your bank account. Online. A bank account that allows you to shop and transfer funds. Currently tied up with 45-50 major e-tailers.
How does it work? View your account details, balances; make utility payments, transfer funds, stop payment of cheques.
Pros and cons Digital wallet with a bank account. No service charge.

Smart CC Currency Cards
www.smartcc.com
Spending Power: Available in denominations up to Rs 500. You can get the cards offline and buy online. Will be available across six major cities from September. Will be accepted at 15 major e-stores, to begin with.
How does it work? Users buy a card from a retailer across any counter that can be used to pay for online purchases. Each card has an individual pin concealed behind a scratch-panel. Its value is monitored on the company's Web site and is debited every time a purchase is made.
Pros and cons Cheap way of making micro-payments and, because cards can be bought for cash, can be used by people with no bank account or credit card.

Fabmoney
http://www.fabmart.com
Spending Power: Available across six major cities at 60 Fabpoints. Plans to expand to 150 Fabpoints.
How does it work? Based on the Smartcc concept, each card has an individual pin concealed behind a scratch-panel. Its value is monitored on the company's Web site and debited every time a purchase is made.
Pros and cons Cheap way of making micro payments and, because cards can be bought for cash, can be used by people with no bank account or credit card. The flipside is it can be used only at the Fabmart Web site.