The Reserve Bank of India's (RBI's) Payment Systems Report highlighted that between 2019 and 2024, credit card transactions doubled in volume and almost tripled in value. During the same period, however, debit card transactions witnessed a decline, both in volume and value.
A case has been registered against a US-based organisation and six others after the Enforcement Directorate lodged a complaint alleging illegal utilisation of foreign funds through a network of foreign debit cards, including in Left Wing Extremism (LWE)-affected areas of the country.
Credit card transactions in India have surged over 2.6 times between 2021 and 2025, driven by private sector banks, while debit card usage declines due to growing adoption of UPI and digital wallets, according to an RBI report.
Credit card transactions in India have surged over 2.6 times between 2021 and 2025, reaching 570 crore volumes and Rs 23.2 lakh crore in value, with private sector banks significantly increasing their market share, according to a recent RBI report.
The Enforcement Directorate (ED) is investigating the use of foreign debit cards by a global Christian mission to withdraw crores of rupees in Naxal violence-hit regions of India. Searches were conducted in multiple states, and foreign debit cards, cash, and digital devices were seized.
The bank has already set up 68,000 'Yono cashpoints' and is in the process of scaling it up massively to over 1 million in the next 18 months, which will make the necessity to have a card even less.
Debit card transactions showed an increase of 88.6 per cent, against a rise of 34.5 per cent for credit cards for the March. In value terms, daily transactions through debit cards increased by 73.4 per cent vis-a-vis an increase of 24.8 per cent in credit card transactions. Sector experts attribute this to the ongoing economic slowdown and the cautious attitude towards spending money. Add to this the diminished focus of banks in issuing credit cards.
Private sector lender Federal Bank on Wednesday launched two premium debit cards exclusively targeted at its HNI customers, apart from a premium travel card.
Debit cards have been increasingly gaining importance as well as acceptance amongst Indian customers. The Indian customer being more of conservative in attitude finds better cash management with the debit card. The increased usage of debit cards led to the advent of co-branded debit cards. But are they any good?
Delhi Police have dismantled an interstate cyber fraud syndicate, arresting three key operatives involved in siphoning off money through unauthorised banking transactions. The police successfully froze approximately Rs 4 lakh of the Rs 4.82 lakh stolen from a victim's account and recovered numerous debit cards, SIM cards, and mobile phones used in the operation.
Consumers in India are growing more comfortable with using their debit cards to pay for purchases, according to Visa's latest Global Payment Tracking (GPT) Survey.
Be careful if you find your postal mails/ bank and financial statements intercepted, pilfered or tampered with.
Debit card payments remained sluggish due to the surge in digital transactions after the pandemic, and the Unified Payments Interface (UPI) has emerged as the most popular mode of money transfer, particularly for small value transactions, according to RBI data. In July 2020, the total debit card spends stood at Rs 2.81 trillion, as compared to Rs 3.15 trillion in July 2023, reflecting a growth of 11.96 per cent. UPI spends have seen a whopping growth of 428 per cent, zooming from Rs 2.90 trillion to Rs 15.33 trillion during the same period, the data revealed.
A study by Edgar, Dunn & Company and India Cards Council has revealed that unlike in the United Kingdom and Australia where 90 per cent cards are active, there are only 56 per cent active debit cards in India.
Cardholders must ensure their debit cards are used in their presence.
Delhi Police have arrested two individuals from Haryana for their alleged involvement in facilitating cyber fraud through mule bank accounts. The arrests were made during an investigation into an online investment scam that defrauded a senior citizen of over Rs 1.69 lakh.
The bank's response came to a clarification sought by stock exchange on recent reports on debit cards blocking in the wake of suspected data breach
A 60-year-old retired man and 21 others in Thane district were allegedly defrauded of over Rs 31 lakh through a malicious link disguised as a piped gas bill update. The victims received an APK file via WhatsApp, leading to unauthorised debits from their bank accounts.
The prepaid debit card by India Post would have a minimum value of Rs 1,000 and a maximum of
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.
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.
ICICI Bank, the country's largest private sector lender, has introduced an equated monthly instalment (EMI) option for its customers on debit card purchases.
The Central Board of Indirect Taxes and Customs (CBIC) has enabled UPI, debit, and credit card payments for Customs duty on the ICEGATE portal, enhancing ease of doing business for importers and exporters.
Here's what you must know to derive maximum benefit from them
We sifted through the complaints that landed on our desks and dug out the issues that were most striking and uncommon when it came to debit cards.
Extensive use of such cards is making it easier for hackers to withdraw large amounts of money before detection.
A 57-year-old man from Thane district was defrauded of Rs 9.08 lakh by cyber criminals who used a malicious link disguised as a Mahanagar Gas bill payment update, gaining remote access to his device and siphoning funds.
As part of its 'go-green' initiative, HDFC Bank has started sending PIN, unique code number, for debit card holders through SMS instead of the practice of sending it by post.
The suspected security breach happened through a malware in the systems of Hitachi Payments Services, which serves ATM network of Yes Bank
Useful tips to protect users of credit and debit cards from being target of frauds.
A 32-year-old man has been arrested in Delhi for allegedly defrauding a resident of 2 lakh under the guise of selling a second-hand car online. The accused impersonated an employee of a reputable online car sale platform to gain the victim's trust.
Gujarat police have arrested 10 individuals in connection with a cyber fraud racket involving over Rs 53 crore and spanning at least 20 states. The accused lured individuals into renting out their bank accounts, which were then used to receive and transfer funds obtained through various fraudulent schemes.
Police in Meerut have arrested two individuals for allegedly running a fake Common Service Centre (CSC) to open fraudulent bank accounts using forged documents of unsuspecting, needy people. The accused used these accounts for online financial frauds, leading to the recovery of numerous fake IDs, bank cards, and other incriminating evidence.
Railway passengers can book their tickets and do shopping using RuPay pre-paid debit cards.
ICICI Bank on Tuesday introduced cash withdrawal facility at point of sale (PoS) terminals at merchant outlets.
