Page 14 - Credit Card

Will UPI on credit cards take off?

The RBI has allowed the linking of RuPay credit cards with UPI. But it will also carry a merchant fee. Will UPI on credit cards take off? Or the merchant fee will spoil the party? Let's find out

RuPay credit card-UPI linkage to be operational in 2 months, says NPCI CEO

NPCI will come up with the guidelines in consultation with the ecosystem. It will send a formal proposal to the RBI, and after the apex bank's nod, it will be operationalised.

Fintech firms seek six month-extension to comply with RBI credit line norms

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

RBI extends date for implementing provisions on credit, debit card issuance

Issuers given more time for OTP-based activation, ensuring credit limit is not breached without cardholder's consent

Credit card linkage to UPI: Uncertainty over pricing leaves players in dark

There is no clarity on whether linking to UPI facility will be extended to credit cards of other card networks, such as Visa, Mastercard, American Express, etc

RBI enhances limit for e-mandates on credit/debit cards to Rs 15,000

In October last year, the new e-mandate guidelines kicked in, wherein any mandate registration, modification, and deletion will require additional factor authentication (AFA)

Fintech has potential to transform India's financial landscape: MoS Finance

Industry looks at credit card penetration as a key growth driver in future

Credit card spending online Rs 30k cr higher than swipes in March: RBI data

In terms of the number of transactions, credit card transactions were marginally lower online at 11 crore as against 11.1 crore offline or at PoS machines

How to Choose the Right Credit Card for You?

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Apple to stop storing card information on file for Indian customers

This decision of not storing card information on file has been taken by the US tech giant Apple in light of the card data storage norms of the Reserve Bank of India (RBI) that will kick in shortly

Apple stops accepting payments using credit cards issued by Indian banks

In April this year, Apple had also allowed users in India to make payments using Apple's ID account using UPI and netbanking

RBI may be more open to granting credit card licences to NBFCs: Macquarie

RBI also made it clear that NBFCs will have to take prior approval from the RBI for issuing credit cards to their customers.

RBI says non-banks need approval to issue credit cards, lists more rules

Minimum net-owned fund mandated at Rs 100 crore; cards cannot be unilaterally upgraded.

Chinese credit card processor UnionPay rebuffs Russian banks: Report

UnionPay's decision affects Sberbank, Russia's biggest commercial bank, and smaller institutions, RBC reported Wednesday

Citi credit card business losing steam in India, shows data

In a span of almost four years, Citibank has lost 600-basis points (bps) in spends market share.

Axis Bank-Citi deal: Brokerages list key positives & negatives for the bank

The affluent credit card segment was seen as a gap in Axis Bank's customer positioning and will fit in the lender's retail portfolio.

Axis Bank acquires Citi's consumer business in India for $1.6 bn

The all-cash deal includes Citi's credit cards, retail banking, wealth management and consumer loan

Citi deal can perk up Axis Bank's prospects, but there are challenges too

Cheaper-than-expected valuation for the above-average customer franchise is positive; extracting synergies, smooth integration among key challenges

ICICI Bank partners with Chennai Super Kings for launch of a credit card

Exclusive experiences for CSK fans via the card include exclusive meet and greet session with select players, an opportunity to attend a practice session of the team

Launched in 2019, Flipkart Axis Bank Credit Card surpasses 2 mn users

The card covers 18,000-plus pin codes, with nearly a million cards issued in under a year owing to the increase in online adoption and digital transactions