Debit Card

Process involves a consumer's bank investigating disputes with merchants in recovering funds

This week we report on how to manage finances when you are in a foreign country and how you can earn by translating literature

Data from the RBI shows international credit card spending rose 63 per cent from December 2022 to July 2024, while PPIs grew 53 per cent and debit card transactions increased by just 8 per cent

Several major banks are implementing changes to their credit and debit card rules starting August 1

Spends made in a preceding calendar quarter will unlock access for the subsequent calendar quarter

Stay invested even after lock-in ends to gain from compounding

This tokenisable wearable, for both debit and credit cards, has been launched by Induslnd Bank in collaboration with Mastercardand can be purchased in the form of a ring, watch clasp, or stickers

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As per the notification, the card issuers must issue cards across more than one network and give their customers the option to choose from them

Most banks now toggle off the control limit of a card at the time of issuance. To make online or offline transactions, the users must first enable the controls. Know how here

Customers can save big and get up to 50-90% off across top brands and categories with an extra discount up to 10% off on using ICICI credit and debit card

Currently, when you apply for a debit or credit card, you usually don't get to choose the network provider as it is decided by the card issuer.

RBI directive tells debit, credit and prepaid card issuers to give customers more freedom to choose networks

Recent data from the Reserve Bank of India (RBI) shows that out of 25 crore card transactions in the month of April this year, 22 crore were credit card transactions

The dynamics of in-store payments are fast changing, and this will impact retailing in a big way

On Jan 23, RBI had asked the lender to immediately stop transactions under LRS, following certain material supervisory concerns observed in the bank

The Cabinet on Wednesday approved a Rs 2,600 crore scheme for promoting RuPay debit cards and low-value BHIM-UPI transactions. Under the scheme, banks would be provided financial incentives for promoting Point of Sale (PoS) and e-commerce transactions using RuPay and UPI in the current financial year. It would help in building a robust digital payment ecosystem. The scheme would also promote UPI Lite and UPI123PAY as economical and user-friendly digital payments. "Cabinet approves the incentive scheme for promotion of RuPay Debit Cards and low-value BHIM-UPI transactions (Person-to-Merchant)," said an official tweet.

Attributes trend to value-added services such as EMI and BNPL which are allowing consumers to use cards for big-ticket transactions, as opposed to small-ticket earlier

RBI had barred the loading of prepaid payment instruments (PPIs) from credit lines

The ACCC investigated allegations that Mastercard engaged in anti-competitive conduct by offering certain large merchants cheaper interchange rates