Page 14 - Credit Card
Citi's exit from retail banking an opportunity for Indian banks: Analysts
Among its various business verticals, analysts say Citi's credit card business will be most sought after by suitors
 "Citi's exit from retail banking an opportunity for Indian banks: Analysts")
Top headlines: Auto-debit payments, steel firms' stocks surge, and more
Here are the top business headlines on Wednesday morning
 "Top headlines: Auto-debit payments, steel firms' stocks surge, and more")
Your auto payments for phone bills, OTT subscriptions may fail in April
Transactions worth more than Rs 2,000 cr expected to be affected as RBI refuses more time to comply with new pre-debit notification rule
 "Your auto payments for phone bills, OTT subscriptions may fail in April")
New e-payment norms likely to block auto-subscriber route: Experts
Avoid exposing your data; use a virtual card instead
 "New e-payment norms likely to block auto-subscriber route: Experts")
Soaring fuel prices crowd out other spends on credit cards: Report
Massive rise in retail fuel prices crowded out other discretionary spends on credit cards in December, according a report
 "Soaring fuel prices crowd out other spends on credit cards: Report")
The zero MDR has affected the PoS business: Worldline's Deepak Chandnani
India has some 5.2 million PoS units, but a country of our size needs more, DEEPAK CHANDNANI, managing director, Worldline (South Asia and the Middle East), tells Raghu Mohan
 "The zero MDR has affected the PoS business: Worldline's Deepak Chandnani")
How prepaid cards ensure that you don't go overboard on your expenses
They're also safer than credit and debit cards, and online transactions; just make sure you don't overload your prepaid card with too much money
 "How prepaid cards ensure that you don't go overboard on your expenses")
CLSA sees 31% upside in RBL Bank on stable deposits, robust credit card biz
In a report dated January 5, CLSA said the bank is re-aligning its product portfolio and is now focusing on key retail-asset niches
 "CLSA sees 31% upside in RBL Bank on stable deposits, robust credit card biz")
$81 mn fund raise pushes Credit card app CRED's valuation past $806 mn
Existing investor, billionaire Yuri Milner's fund DST Global leads round, along with Sequoia Capital, Tiger Global, and others. Existing and past employees liquidate ESOPs worth Rs 9 cr
UK Supreme Court enables $18.5 billion class action against Mastercard
The judgment dismisses an appeal by Mastercard
 "UK Supreme Court enables $18.5 billion class action against Mastercard")
Two out of three borrowers unaware of their CIBIL score: Report
The CIBIL score is an indicator of credit worthiness.
 "Two out of three borrowers unaware of their CIBIL score: Report")
India's a digital payments hotspot
With social distancing becoming the new norm, there is a behavioural shift across all consumer categories
 "India's a digital payments hotspot")
World Bank cautions against fake credit, debit cards with its name, logo
The advisory came after its attention was drawn to such fraudulent issuance of debit/credit cards in India, according to the multilateral lending agency
 "World Bank cautions against fake credit, debit cards with its name, logo")
YES Bank offers discounts on credit card; loans at competitive rates
YES Bank introduced festival season offers with discounts on processing fee on loans, low-cost EMIs, gift vouchers, cashbacks as well as various consumer loans at competitive interest rates.
 "YES Bank offers discounts on credit card; loans at competitive rates")
To avoid Covid-19 risk, switch to contactless cards before festive shopping
However, beware that if they're stolen, a few transactions of below Rs 2,000 can be made
 "To avoid Covid-19 risk, switch to contactless cards before festive shopping")
SBI Card: Analysts see more upside given distribution network, biz model
As SBI Card is the largest pure credit-card issuer in India, analysts expect the company to grow faster than the sector average
 "SBI Card: Analysts see more upside given distribution network, biz model")
These new risk-mitigation tools will protect you from banking frauds
Using these new tools, switch off usages you don't require and set limits on others
 "These new risk-mitigation tools will protect you from banking frauds")
How rolling over credit card balance can jeopardise your financial health
Instead, make use of EMIs and personal loans to repay credit card bills. If your dues are very high, go for secured loans
 "How rolling over credit card balance can jeopardise your financial health")
Federal Bank to enter credit card segment in a year, says official
The bank will rely only on in-house customers and also deploy its analytics engine to choose customers in a bid to take care of concerns on book quality
 "Federal Bank to enter credit card segment in a year, says official")
Kunal Shah's CRED aims for revenue through new product launches
Company backed by Sequoia Capital helps credit card users earn rewards for paying their bills
 "Kunal Shah's CRED aims for revenue through new product launches")
