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  • Tokenisation | How To Make Online Credit & Debit Card Payments Safer While Shopping Sep 30, 2022 07:11 PM IST

    Tokenisation | How To Make Online Credit & Debit Card Payments Safer While Shopping

    The 16-digit numbers on your credit and debit will get replaced with a ‘token’ starting October 1, 2022. So, what is tokenisation, how can you tokenise your card, and how safe is it? Find out in this video

  • Six money rules for your wallet this October Sep 30, 2022 11:21 AM IST

    Six money rules for your wallet this October

    From tokenisation of cards to nominations while investing in National Pension System and mutual funds to charges introduced for paying rent using credit cards, a lot is happening in October. Here is what you need to watch out for.

  • Got your first credit card? Now use it to build your credit score Sep 30, 2022 08:07 AM IST

    Got your first credit card? Now use it to build your credit score

    Ensure timely payments of your monthly dues. This has a significant impact on your credit score, affecting your ability to obtain loans in the future. For those who have just got their first credit card, at the start of their earning careers, it can be a good tool to build a good credit score. But if you misuse it, there are repercussions

  • Card tokenisation: Banks gear up for new regime, yet challenges persist with small merchants Sep 29, 2022 07:21 PM IST

    Card tokenisation: Banks gear up for new regime, yet challenges persist with small merchants

    India’s banking regulator has thrice extended the deadline for lenders’ compliance with tokenisation norms.

  • How to make UPI payments using credit card? Sep 27, 2022 05:54 PM IST

    How to make UPI payments using credit card?

  • Axis Bank sets eye on semi-urban, rural markets to expand credit card business Sep 26, 2022 07:59 PM IST

    Axis Bank sets eye on semi-urban, rural markets to expand credit card business

    India is witnessing rapid growth in consumer spending and by 2026, it is expected that two out of every three transactions will be via digital modes of payments

  • Rising credit card and UPI payments indicate increase in consumption, say experts Sep 11, 2022 02:59 PM IST

    Rising credit card and UPI payments indicate increase in consumption, say experts

    As per the RBI's monthly data, Unified Payments Interface (UPI) transaction increased from Rs 9.83 lakh crore in April this year to Rs 10.73 lakh crore in August.

  • Ashneer Grover slams RBI's digital lending guidelines, says they don't understand UPI tech Sep 05, 2022 02:05 PM IST

    Ashneer Grover slams RBI's digital lending guidelines, says they don't understand UPI tech

    Ashneer Grover tweeted on Monday, "If UPI is the best tech/regulatory innovation in the world, the RBI’s digital lending guidelines have to be the worst."

  • MC Explains | What is MDR & how will renewed charges on UPI, Rupay cards impact businesses Aug 25, 2022 12:09 PM IST

    MC Explains | What is MDR & how will renewed charges on UPI, Rupay cards impact businesses

    The Reserve Bank of India recently released a discussion paper on regulating various payment system-related charges which triggered a fresh round of debate on whether or not payment instruments like United Payments Interface (UPI) and Rupay-based cards should attract Merchant Discount Rate (MDR) charges. In this video, we explain what MDR is and whether the renewed charges, if any, will have an impact on businesses.

  • Reserve Bank of India lifts business restrictions imposed on American Express Aug 24, 2022 07:03 PM IST

    Reserve Bank of India lifts business restrictions imposed on American Express

    RBI had, by order dated April 23, 2021, imposed restrictions on American Express Banking Corp. from on-boarding new domestic customers onto its card network from May 01, 2021

  • Banks step up credit card play ahead of festive season Aug 22, 2022 03:00 PM IST

    Banks step up credit card play ahead of festive season

    Outstanding credit cards in force increased from 7.03 crore to 7.87 crore between January and June this year, according to central bank data. Total credit card spends have stayed above the Rs 1 lakh crore mark for four consecutive months through June

  • Contribution through Credit card discontinued for tier-2 NPS account holders Aug 04, 2022 03:35 PM IST

    Contribution through Credit card discontinued for tier-2 NPS account holders

    After this decision, the payment option via credit card for tier-1 account holders of NPS will continue, whereas for tier-2 account holders, the facility is no more available.

  • How can you tokenise your credit/debit card? Aug 02, 2022 05:26 PM IST

    How can you tokenise your credit/debit card?

  • Will raise up to Rs 7,000 crore more this fiscal; credit card subsidiary launch likely by Q3, says Canara Bank MD Jul 25, 2022 06:21 PM IST

    Will raise up to Rs 7,000 crore more this fiscal; credit card subsidiary launch likely by Q3, says Canara Bank MD

    The bank will continue reporting a “decent” double-digit growth, with a focus across retail, MSME and corporate loans, managing director and chief executive officer LV Prabhakar has said

  • Are you a new-to-credit customer or having low credit score? Here are some secured credit cards offered by banks Jul 12, 2022 08:03 AM IST

    Are you a new-to-credit customer or having low credit score? Here are some secured credit cards offered by banks

    The FD acts as a security to the bank that issues the credit card. A lien is marked on the FD until the credit balance is settled. In case the cardholder defaults on payment, the FD is used to settle dues.

  • What is a customisable credit card? Jul 08, 2022 05:28 PM IST

    What is a customisable credit card?

  • Interview: Citi deal on track, will grow cards portfolio aggressively in FY23, says Axis Bank executive Moghe Jul 07, 2022 05:52 PM IST

    Interview: Citi deal on track, will grow cards portfolio aggressively in FY23, says Axis Bank executive Moghe

    Some new partnerships between Axis Bank and fintechs may take shape due to RBI’s recent clarification on loading credit lines on wallets, Moghe said.

  • Exclusive: PayU’s LazyPay mulls major shift to credit card from prepaid card after RBI’s diktat Jul 01, 2022 10:06 AM IST

    Exclusive: PayU’s LazyPay mulls major shift to credit card from prepaid card after RBI’s diktat

    The company has been in talks with its partner bank SBM Bank India for the move since RBI restricted the role of co-branding entities to only marketing and distribution of prepaid cards in April. The pivot to credit cards is likely to be fast-tracked now.

  • SBI Card partners with Aditya Birla Finance to launch ‘Aditya Birla SBI Card’ Jun 30, 2022 04:15 PM IST

    SBI Card partners with Aditya Birla Finance to launch ‘Aditya Birla SBI Card’

    The rewards-centric credit card has been launched in two variants - ‘Aditya Birla SBI Card SELECT’ and ‘Aditya Birla SBI Card’, on the Visa platform, the press release said.

  • AU Small Finance Bank launches customisable credit card Jun 22, 2022 06:36 PM IST

    AU Small Finance Bank launches customisable credit card

    The AU Bank 'LIT' (Live-It-Today) Credit Card, offers a unique value proposition to cardholders – to choose the features they want and for the time period they want.

  • One interest rate segment stubbornly defies all RBI inducements Jun 15, 2022 10:51 AM IST

    One interest rate segment stubbornly defies all RBI inducements

    The weighted average lending rate charged by the banking industry as issuers of credit cards, as calculated by RBI, is currently 30.51% on an annualised basis when you roll over your credit card dues to the next month. It is currently the highest rate charged in the formal economy.

  • Online shopping, travel, dining: Best credit cards for millennials Jun 14, 2022 09:48 AM IST

    Online shopping, travel, dining: Best credit cards for millennials

    Millennial customers should use the credit cards smartly and responsibly. Avoid overspending to earn bonus points and to waive off annual renewal fees.

  • Ashneer Grover weighs in on linking credit card with UPI. 'Great move by RBI but...' Jun 12, 2022 12:10 PM IST

    Ashneer Grover weighs in on linking credit card with UPI. 'Great move by RBI but...'

    Ashneer Grover echoed sentiments regarding merchant discount rate (MDR). "Merchants will not pay MDR," the Shark Tank India judge and former BharatPe co-founder said.

  • What Paytm chief Vijay Shekhar Sharma thinks of RBI’s big announcement on credit card-UPI linkage Jun 09, 2022 04:02 PM IST

    What Paytm chief Vijay Shekhar Sharma thinks of RBI’s big announcement on credit card-UPI linkage

    “This is a game changer move by RBI,” said Vijay Shekhar Sharma on linking credit cards with UPI.

  • Are you a movie buff? Five credit cards that enhance your cinema going experience May 13, 2022 09:10 AM IST

    Are you a movie buff? Five credit cards that enhance your cinema going experience

    From buy-1-get-1 free tickets, discounts and cashbacks on money spent on purchasing movie tickets, credit cards have enticing offers for the cinema lovers.

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