Debit

Peer-to-peer lending (P2PL) offers a promising solution to India’s gendered credit gap. By bypassing traditional banking barriers, P2PL provides flexible, accessible loans tailored to rural women entrepreneurs, fostering financial inclusion and supporting their business growth and resilience

SBI Cards must leap over stressful quarters for a runway of recovery

Asset quality pressures are expected to stay elevated in credit cards for FY25.

Will banks face margin pressure with deposit slackness continuing in Q3?

With asset quality holding up, the key determinant of banks’ profit will be margins and operating efficiency in H2 FY24. In this context, deposit growth trend is very crucial

UPI clocks 19.65 billion transactions at Rs 32.5 trillion in Q3 2022: Worldline’s India Digital Payments Report

Overall, In Q3 2022, UPI, Debit and credit cards, and prepaid payment Instruments like Mobile Wallets, and prepaid cards executed 23.06 billion transactions amounting to Rs 38.32 trillion.

How the UPI AutoPay feature can help you manage all recurring payments

With this feature, consumers can set up auto debit instructions on their UPI mobile applications from their linked bank account

Flipkart has solved shopping woes of many Indians. Here’s how!

The following article is an initiative of Flipkart and is intended to create awareness among readers

'Mobile wallets, biometric modes of payments to replace cards'

Mobile wallets and biometric modes of payments will replace debit and credit cards in the next three to four years, NITI Aayog CEO Amitabh Kant said today.

BharatQR launch: Govt keen to on-board 50 banks, 1 mn merchants

Soon paying for your cinema ticket or buying prescription pills over the counter will become easier and less time conusming. In a move to make retail payments seamless, the RBI today introduced BharatQR or quick response platform.

Less-cash economy? Post-noteban card usage at PoSes plunges

The debit and credit cards transactions at PoSes were worth Rs 352.4 billion in value terms in November and Rs 181.3 billion till December 13, compared to Rs 511.2 billion in October.

Old Rs 500 notes not acceptable from Dec 15 mid-night: FinMin

At the same time, mobile recharge facility with old Rs 500 notes will not be available. However, people can deposit invalid Rs 500 currency in their bank accounts.

Old notes invalid for rail, metro, bus tickets from December 10

The Finance Ministry issued a notification withdrawing facility of using the now-defunct notes at suburban and metro rail services, railway ticketing counters and ticket counters of government or PSU buses from December 10.

Toll plazas to receive payment through credit, debit cards

All toll plazas in national highways will receive payments through credit or debit cards and e-wallet henceforth besides accepting old currency notes of Rs 500 till December 15.

Leading private banks waive debit cards charges for merchants

Private sector lenders ICICI Bank, Axis Bank and Yes Bank joined their public sector peers to waive the merchant discount rate (MDR) levied on merchants while accepting digital debit card payments from customers.

Updated Paytm app to allow shopkeepers accept card payments

The app will be particularly useful for small shopkeepers without card swiping machines, ensuring they do not lose out on business amid the ongoing cash crunch following demonetisation.

Data breach: 73 SBI cardholders reported fraud withdrawals

State Bank of India has informed that it has blocked about 6 lakh cards, Minister of State for Finance Santosh Kumar Gangwar said in a written reply in Rajya Sabha.

Govt to bear transaction cost of payments received via cards

At present, customers bear the transaction cost commonly known as merchant discount rate (MDR) on payments made to the government.

Know more about digital payments

From cash transactions to cheques to debit and credit cards to net banking, mobile banking and now digital wallets. The way we transact and deal with money has gone through a sea-change over the last one decade but one thing is clear that digital is here to stay and it is growing by leaps and bounds.

HC seeks Centre's reply on surcharge on debit, credit card

Advocate Amit Sahni, in his PIL, had said the "unlawful, unequal and arbitrary treatment is visible on the payment of petrol charges through credit and debit cards".

Use cheques, cards to check black money: FM

Speaking at the Foundation Day celebrations of Security Printing and Minting Corporation of India Ltd (SPMCIL) here, Jaitley said that in a developed country like the US or the UK, maximum value of a currency is USD 100 and 50 pounds.