"credit-card"

According to Dilip Asbe, Managing Director and CEO of the National Payments Corporation of India (NPCI), credit card spending via UPI has reached ₹10,000 crore per month. He also noted that credit lines on UPI accounts have reached around ₹100-₹200 crore, with the remainder coming from the RuPay credit card on the UPI platform.

Awareness was sought to be created on investment fraud, stock trading fraud, OTP (one-time password) fraud and social media fraud among others.

An investigation revealed that Gaglani had spent more than 5,000 pounds from the company's funds while on vacation, the WalesOnline report said.

Here are some ways in which you can boost your savings with a credit card

Credit card spending has hit a record high of Rs 1.4 lakh crore in May, the latest data from Reserve Bank of India showed.

24 per cent Indians shared that mobile phones are their preferred choice to store important financial passwords (bank, ATM/ debit/credit card).

On September 30, RBI said about 35 crore cards have been tokenised and the system is ready for the new norms which will set in from October 1.

Hyderabad: Debit and credit cardholders beware! Come July 1, your card details will get erased from e-commerce sites, apps and OTT platforms. One will have to restore their card number and generate a unique token from July onwards in order to make online payments. This is part of the new rules set by the Reserve […]

Hyderabad: With card tokenisation set to come into place from July 1, there are many questions being raised about the system and why is it important. Tokenisation is a process by which card details are replaced by a unique code thus making online payments safer and secure without the need to share full card details. […]

Bengaluru: Accelerating its journey in creating a one-stop payment platform, fintech company Slice on Thursday launched the integration of unified payments interface (UPI) into its app for all its existing and waitlisted users. Following its trial in 2021, the company said it is now rolling out the integration in a phased manner for its users. […]

New Delhi: The RBI has lifted all restrictions on HDFC Bank, permitting it to launch new digital initiatives, the private sector lender said on Saturday. “We would like to inform one and all that the Reserve Bank of India (RBI) has lifted the restriction on the business generating activities planned under the Bank’s Digital 2.0 […]

Hyderabad: A businessman from Sultan Bazaar was duped of Rs 14,310 by cyber fraudsters on Sunday. According to the police, Niranjan Sahoo (39), a resident of Esamia Bazaar under Sultan Bazaar police station limits checked Google for the customer care number of a financial institution to close his credit card. He found a toll free […]

The new tokenisation rule, which comes into force from January 1, prohibits all online shopping portals from saving your card numbers, CVV and expiry date in their servers.

The banking industry in India has always viewed credit cards as a loan product rather than a high frequency payment instrument.

In December 2020, the RBI took the unprecedented step of stopping the largest private sector lender from selling any new credit cards and also launching new digital services.

"We are hopeful that the tokenisation feature will further encourage users to transact securely and safely in the current times and expand merchant transactions both online and offline," said Sajith Sivanandan

For FY21, the overall industry spends de-grew by 14 per cent YoY. The first half of FY21 was particularly weak on account of nation-wide lockdowns.

The AAAR ruling came on case concerning ICU Medical India LLP, a subsidiary of ICU Medical Inc.

The product of Tensor Fields Consultancy Services, vCard allows users to make UPI payments using their credit card seamlessly.

Hyderabad: Cyber fraudsters allegedly duped a man of Rs 1.1 lakh from his credit card, which was yet to be delivered to him by the bank. A private employee from New Bowenpally had applied for a credit card from a private bank. On submitting necessary documents and completing the application process, he recently received a […]