Slice seeks RBI nod to issue credit cards amidst uncertainty over business model
Industry experts however, believe that it may be difficult for Slice to get RBI approval as the regulator may be selective in giving the green signal to NBFCs to issue credit cards.
Liveboundless review - Stashfin launched lifetime free credit card for Women
Neobank Stashfin has launched a new credit card, called #Liveboundless, for women. Lifetime free card, it charges annual interest rates between 11-60% depending on your credit behavoir. A review
Review: AU Small Finance Bank allows you to design your own credit card, but at a cost
AU Bank’s all-new LIT credit card is aimed at millennials and first-time card users. But every features offered comes at a price. It pays to know your spending pattern, thoroughly
TransUnion CIBIL study: More than 160 million Indian consumers are credit underserved
Credit cards and instalment-based credit schemes such as Buy-now, Pay-later are the most commonly used credit products by the underserved consumers
Chart of the Day: Rate cuts bypassed credit cards during pandemic
The transmission of policy rate cuts during pandemic years missed credit cards completely, with interest rates rising for this category.
RBI extends card tokenisation deadline by three months
The RBI said that in respect of transactions where cardholders decide to enter the card details manually at the time of undertaking the transaction has not been implemented by the industry stakeholders.
MC Explains: How tokenisation makes your credit and debit cards safer
Tokenisation replaced a debit or credit card’s 16-digit number with a unique token that is specific to just your card and specific for one merchant at a time. The token masks the true details of your card, so in case there is a data leak from the merchant website, the fraudster cannot misuse the card
Started your university classes abroad already? Now, keep an eye on these upcoming expenses
Fees for the first couple of years, petty cash to take you through a year’s expenses….there is only so much you can plan before you fly overseas for higher studies. But expenses will crop up once you begin your course. Here’s how to manage your money then
RBI grants 3-month extension to certain provisions under credit, debit, co-branded card norms
RBI has granted an extension for three provisions in the norms. Meanwhile the norms that reduced the role of card issuing fintechs have not received any extension.
Are you a big spender using a credit card? Well, here are the best cards with milestone benefits
Affluent spenders using credit cards must have a disciplined approach. They must avoid overspending to achieve milestones, bonus rewards, and waiver on annual renewal fees.
Contactless payments grew 6x in the last three years in India, says report
The highest adoption of contactless payments was observed in sectors like Quick Service Restaurants, pharmacies, food, grocery, etc. across both credit and debit cards.
Banks upbeat on credit card- UPI linkage, await clarity on MDR charges
To boost online transactions in the economy, the Reserve Bank of India has allowed banks to link credit cards with the Unified Payment Interface.
Credit cards on UPI opens up a host of possibilities, but leaves many questions unanswered
The payments industry is awaiting clarification on how the pricing of such an arrangement will work. From the look of it, many see this as advantageous for RuPay.
RBI Monetary Policy | Credit cards can now be linked to your UPI, starting with RuPay
Until now customers could only link their bank accounts through debit cards to UPI.
BoB bets big on credit cards, to issue over 1 million cards in FY23, says BoB Financial MD
Bank of Baroda credit cards issued have grown from 0.12 million in March 2018 to over 1.1 million in March 2022.
Muthoot Finance expecting robust gold loan growth, credit card foray this fiscal: MD
The company will also launch three or four more NCD issues this fiscal, each in the Rs 300-400 crore range, George A. Muthoot said.
Moneycontrol Daily: Your Essential 7
A daily round-up of the most interesting articles to help jump-start the day.
Axis Bank plans to scale up credit card business, says slippages under control
The likelihood of non-banking financial companies (NBFCs) entering the credit card market will not lead to an incremental business disruption at Axis Bank, says Sanjeev Moghe, president and head, cards and payments at Axis Bank
Mother’s Day 2022: Financial lessons to learn from your mother
In many ways, mothers lay the foundation for the way we manage our finances as adults. And those lessons are priceless
Mahindra Finance plans credit-card business entry; eyes double-digit business growth in FY23, says MD
The plan comes on the heels of RBI’s directive that NBFCs can offer credit cards if they receive regulatory permission and have a certificate of registration.
Credit cards are not evil; just understand the maths to use them smartly
Don’t get into hacks like revolving credit card usage, and maintaining multiple cards, to get longer interest-free periods that many influencers promote these days.
RBI's new norms could hurt banks’ outstanding credit cards, margins: Axis Bank Official
Axis Bank issued around 1.1 million credit cards in January-March, taking total card issuances in financial year 2022 to 2.7 million.
Why will RBI’s new rules benefit credit-card customers?
Lounge visits, vouchers, travel insurance: Credit cards that offer goodies for domestic travel
The domestic travel credit cards offer airport or railway lounge access, discounts on travel-related purchases, and rewards or air miles that can be redeemed against flight and hotel bookings
