Page 18 - Credit Card

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

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

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

$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

Two out of three borrowers unaware of their CIBIL score: Report

The CIBIL score is an indicator of credit worthiness.

India's a digital payments hotspot

With social distancing becoming the new norm, there is a behavioural shift across all consumer categories

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

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.

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

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

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

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

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

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

Lost your credit card? Here are the steps you should take urgently

Time is of importance in the scenario of a credit card loss or theft, so you must act promptly. Take these steps

SBI Card, IRCTC launch co-branded contactless credit card on RuPay platform

SBI Card and IRCTC launched a co-branded card on RuPay platform for secure and fast transactions

American Express profit tumbles 85% as pandemic-related defaults loom

Shares were down about 1% before the bell, even as the group managed to eke out a small profit rather than report a loss as expected by analysts

Wirecard scrambles to find missing $2.1 bn, shares slump over 60%

Chief Executive Markus Braun said in Thursday's statement that Wirecard, which was founded in 1999, was urgently seeking to clarify the balances in question.

Covid-19 crisis: Payments fall 46% in April; ATM cash withdrawal declines

Retail payments fall 45%, card usage slips 57%