Debit Card

Businesses can pay customs duty via UPI, cards on ICEGATE portal: CBIC

Businesses can now use UPI, debit or credit cards for paying Customs duty on the ICEGATE portal, the Central Board of Indirect Taxes and Customs (CBIC) has said. The CBIC in a circular said ICEGATE e-Payment platform has enabled 'Payment Aggregator' as an authorised mode to facilitate customs duty payment. ICEGATE essentially functions as the digital backbone of Indian customs and acts as an interface through which importers and exporters file documents, track clearances, and discharge duty payments. While the system has evolved significantly over the time, the payment mechanism remained largely anchored to a limited set of authorised banks and conventional channels such as net banking and NEFT/RTGS. "With the rollout of a payment aggregator on ICEGATE, duty payments are no longer confined to specific banking channels. Businesses can now use UPI, debit or credit cards, and access a significantly wider banking network bringing a greater degree of ease and convenience in making paymen

A fresh transaction: Visa readies India swipe of debit-cum-credit card

Visa plans to bring its dual debit-credit card to India, letting users switch funding sources via a single 16-digit credential, after strong success in Japan

PhonePe launches PG Bolt to secure Visa, Mastercard payments via app

PPhonePe Payment Gateway has launched 'PhonePe PG Bolt' for Visa and Mastercard credit and debit card transactions, the company said on Saturday. The solution utilizes device tokenization to provide a secure and efficient in-app checkout experience for PhonePe platform users and merchant partners, the company said in a statement. Yuvraj Singh Shekhawat, Chief Business Officer of Merchant Business at PhonePe, said that the launch of PhonePe PG Bolt feature for Visa and Mastercard is a significant step in the company's journey to simplify digital payments for millions of Indians. "By leveraging device tokenization, we will enable users and merchants to move away from the traditional, cumbersome checkout process to a secure, one-click payment experience. This not only enhances user convenience but also empowers our merchant partners to maximize their growth through industry-best success rates and reduced drop-offs," he said. The new feature allows users to tokenize their Mastercard an

Chhattisgarh allows credit, debit and UPI payments for GST filing

The initiative aims to make tax payments simpler, faster, and more transparent for traders and businesses, a state government spokesperson said

Kotak Mahindra Bank to end complimentary debit card insurance from July

Kotak Mahindra Bank will discontinue its complimentary debit card insurance benefits, including accidental death and purchase protection, from July 2025. Customers are urged to review their coverage

What is a chargeback in credit and debit cards and how does it work?

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

Funds for foreign trip; translation as career: Top personal finance stories

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

International credit card use up 63% after Covid-19, overtakes debit cards

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

Rule changes for HDFC, ICICI, IDFC FIRST Bank cards: Check new terms

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

ICICI Bank revamps lounge access plan for 19 debit cards: Check details

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

Retirement MFs: Equity allocation, flexible withdrawal options key benefits

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

IndusInd Bank launches Indus PayWear, an all-in-one tokenisable wearable

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

Get Instant Virtual Debit Card in India, Now with Your Kotak811 Account

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Customers can now choose from multiple card networks from October 1

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

Got new debit/credit card? Here's what to do before 1st online transaction

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

Fashion brand AJIO announces 'All Stars Sale', to start on September 22

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

Visa to Rupay: From October 1, you can port your credit, debit cards too

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 issues draft circular on issuance of debit, credit, prepaid cards

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

As credit card transactions rise in India, debit cards take a backseat

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

Shoppers need not stop: Dynamics of in-store payments is being rewritten

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