UPI has become the most inclusive mode of payment in India, with over 26 crore unique users and 5 crore merchants onboarded on the platform, RBI Governor Shaktikanta Das said.
HDFC Bank said the RBI order “has advised the bank to temporarily stop all launches of the digital business-generating activities planned under its program Digital 2.0 and other proposed business generating IT applications and sourcing of new credit card customers.”
RBI on Friday said that all commercial banks, co-operative banks, all-India financial institutions, and NBFCs are being permitted to allow a moratorium of three months on payment of installments in respect of all term loans outstanding as on March 1, 2020. But, is credit cards outstanding covered under RBI's 3-month moratorium?
According to reports, the card records were uploaded on the cardshop on February 5. Moreover, the total estimated value of the database according to Group-IB is USD 4.2 million and this is not the first time that Group-IB has detected a fraud concerning the Indian payment cards.
The New York Department of Financial Services has opened a probe into allegations of gender discrimination by Apple Card issuer Goldman Sachs while determining credit limits.
Are you HDFC customer? Then here is good news for you ahead of Diwali festival season. HDFC Bank on September 30 launched ‘Festive Treats’, a month-long extravaganza India's largest financial services dhamaka. Under which customers will get special offers on all banking products from loans to bank accounts,
Read out the low-down on how you can keep yourself away from high interest rates and penalties by managing multiple credit cards.
Credit Cards come as immediate financial aid for middle-class people during a cash crunch. Recently, in a horrifying incident, a 34-year-old man allegedly committed suicide by jumping off the terrace of a building in Delhi over his credit card debt of Rs 8 lakh. Here's how you can get rid of dues before it's too late.
Increased consumer confidence in various brands has encouraged banks to come up credit cards co-branded with online shopping platforms, airlines or retail stores.
Cloning machines at various restraunts can capture the entire data of your card. There are ways you can protect yourself from such frauds.
Choosing the right credit card is also one of the common challenges that first-timers face. So you must shop around and compare before applying for a credit card.
SBI Credit Cards fraud: Man arrested in Jodhpur with large number of Credit Cards, swiping machines, SIM cards
Some 10,000 credit or debit card holders have been affected by a data breach reported by PNB, which is already reeling under a multi-crore rupee financial fraud by two fugitive luxury jewellers.
Niti Aayog CEO Amitabh Kant on Saturday said that debit and credit cards as well as ATMs will be redundant in next three-four years and people will use their mobile phones for financial transactions.
Outstanding credit card dues rose 77.4 per cent in the past two years, RBI data revealed.
the government has asked banks to report deposits in any account aggregating Rs 10 lakh in a year, as well as cash payments of Rs 1 lakh or more on credit card bills.
Petrol pump owners tonight deferred till January 13 their decision to not accept credit and debit card payments for fuel sales after banks put off the move to levy the transaction (MDR) charge.
Mumbai: RBI today asked banks to upgrade all ATMs by September 2017 with additional safety measures to prevent skimming and cloning of debit and credit cards. The Reserve Bank noted that while the POS terminal
Nine reasons why India's rising credit card debts should worry you
Gurgaon: Low cost airline SpiceJet today announced the launch of ‘Book Now, Pay Later', a convenient Equated Monthly Installment (EMI) scheme for fliers. This offer allows passengers to save significantly (up to 70% interest cost
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