Customers can link their cards to banks' app and make payments after scanning a 'quick response' code.
National Payments Corporation of India is currently in the process of testing sound-based payments with three companies: PhonePe, ToneTag and UltraCash.
In a scenario where credit card limits of credit card holders are being reduced or are being denied credit facilities due to bad credit history, what can one do? Secured credit cards can come to your rescue here.
Using mantras from the Bhagavad Gita, Vatsal Ramaiya explains how you can conquer your home loan debt and unlock a world of financial freedom and peace of mind.
The idea of the payment banks is to provide access to banking for people, especially in rural areas.
The Reserve Bank of India's (RBI's) move to ban Mastercard from issuing new cards for not complying with the local data storage guidelines may hit five private banks, a non-bank lender, and a major card-issuing company. The impact is expected to be felt for a few months as these players transition to other card networks. According to Nomura Research, RBL Bank, YES Bank, and Bajaj Finserv are the ones most impacted by the ban as all their credit card schemes are allied to Mastercard. Among others, IndusInd Bank, Axis Bank and ICICI Bank have 35-40 per cent of their credit card schemes tied to Mastercard, the report said.
The UIDAI asserted that the Aadhaar letter, its cutaway portion, downloaded versions of Aadhaar on ordinary paper or mAadhaar are "perfectly valid".
The regulator said that it is vested within its purview to regulate the bank account for payment systems and the settlement systems are finally posted in the books of account of banks with the RBI to attain settlement finality.
Post Office has 1,54,000 rural branches.
Here are 5 ways you can get a credit card even if you do not have a job.
If used well, it can bring a host of benefits.
Do you tend to procrastinate or ignore reading the bill because you do not understand it. The terminology used is confusing? Read on to understand your credit card statement better.
The next meeting of the GST Council will be held on September 28-29 in Goa.
credit cards offer card owners an opportunity to earn while they spend through reward programmes
Promising swift action on the debit card data compromise issue, Economic Affairs Secretary Shaktikanta Das on Friday said there was no need to panic over the feared security breach that affected over 32 lakh cards.
Payments banks are niche banks set up by the Reserve Bank of India to further the agenda of financial inclusion.
During the trip, check your bank account and credit card statements regularly for unauthorised transactions.
Indian consumers are very much interested in owning and using pre-paid payment cards which affords a great opportunity for Indian banks and other financial institutions in this segment, a survey said here.
As many as 641 customers across 19 banks have been duped of Rs 1.3 crore using stolen debit card data
The interest rate charged on your credit card makes your ownership a nightmare if you don't know it in perfect detail. Here's a primer for you
The use of electronic channels, including credit cards, to make payments for various transactions, including shopping is growing at a fast clip in India. The value of total electronic payments (e-payments) showed an almost four-fold growth to cross the Rs 10,00,000 crore (Rs 10,0000 billion)-mark at the end of March 2008.
The Reserve Bank of India has on Wednesday lifted the ban on new customer acquisition by American Express which was imposed with effect from May 2021 due to non-compliance with local data storage norms. "In view of the satisfactory compliance demonstrated by American Express Banking Corp. with the Reserve Bank of India (RBI) circular dated April 6, 2018, on Storage of Payment System Data, the restrictions imposed, vide order dated April 23, 2021, on onboarding of new domestic customers have been lifted with immediate effect," RBI said. Similar bans were imposed on Diners Club International and Mastercard previously.
Foreigners and NRIs would now be able to book train tickets in India online by using international debit and credit cards through IRCTC website.
Currently, the bank charges Rs 50 as cash processing fee.
Move over Visa, MasterCard and American Express. Here's an indigenous, cheaper alternative that will not only benefit Indian banks but Indian who use debit cards and credit cards to make payments.
Of late, card-issuing banks have started charging even for entry-level credit cards. So, how do you select a card? A ready reckoner.
Of late, card-issuing banks have started charging even for entry-level credit cards. So, how do you select a card? A ready reckoner.
Are you repenting not covering valuables you purchased using credit card? Fret not!
A visit to an ATM today can help you accomplish myriad value-added transaction services like utility payments, pre-paid mobile re-charge, credit card payments, tax payments and much more.
Credit card is a powerful credit tool to help you tide over short term financial requirements.
If credit card delinquency spells trouble, there may be questions with regard to the much bigger retail sub-categories of car and housing loans, notes T N Ninan.
UAE Exchange partners ElectraCard Services to launch 'gocash', which enables cardholders to use appropriate currency loaded on the card.
Global payment system company Visa International on Friday said all Visa debit cards issued in India will be protected against any monetary losses, liabilities or claims due to fraudulent use of the card in case it was lost, stolen or misplaced.
There have been complaints about bills claiming pending repayments months after the user has terminated the card contract.
ATMs are on their way to becoming a one-stop shop for most banking services. Here's what your ATM can do for you.
...benefiting 350,000 persons. Also, Trai detected and blocked seven million mobile phone connections involved in cyber fraud and suspicious activities.
Adopting overly aggressive strategies without considering risk could lead to significant losses during the next downturn.
We aksed Get Ahead readers to send us their experience of using credit cards and debit cards. Here are a few responses that list the advantages and disdavantages of using both the types of plastic cards.
The company, which is the country's second largest credit card issuer and promoted by State Bank of India and GE Capital, aims to acquire 3,000 customers via online mode by December this year.
Electronic transactions are rising fast, so are cases of payment failure and delayed settlement. One needs to be proactive.
