For the first time since Feb 2010, the credit card base of the country has gone beyond the pre-crisis level, crossing the 20-million mark. As per the data from the Reserve Bank of India (RBI), credit cards reached 20.29 million at the end of December 2014. According to bankers, boom in the e-commerce industry and […]
In a major boost to promote the use of contactless card transactions, India’s apex bank — The Reserve Bank of India — has decided to waive off the second level of authentication on card transactions. This move will enable customers to carry out transactions up to Rs. 2000 without PIN authentication by using the fast-emerging […]
State Bank of India (SBI), India’s largest bank and cards issuer has launched contactless debit and credit card on Thursday. The contactless card named sbi INTOUCH comes with a latest near-field technology (NFC) enabling users to make payments by waving or tapping the card near the contactless reader instead of swiping or dipping it. Speaking […]
To promote card-based transactions, IDBI Bank has tied up with National Payment Corporation of India (NPCI) to launch Rupay Platinum Debit Card. According to the bank, the card is in line with the Reserve Bank of India’s vision. The card offers open-loop, multilateral payment system to all banks and financial institutions in India. On registering for […]
In a move towards a cashless society, Axis Bank has collaborated with Suvidha Infoserve to launch a prepaid card. The card aptly title Axis Bank-Suvidha prepaid card leverages e-KYC platform to help customers deposit and withdraw cash instantly. MD & CEO of AXIS Bank, Shikha Sharma said, “The Axis Bank Suvidhaa Prepaid card is another […]
ICICI Bank, one of the largest private sector banks in India, has partnered with Tech Mahindra to launch “Tap-n-Pay”, a payment service. This service will allow customers to make payments without using cash, thus reducing dependence on cash. Essentially, ‘Tap n Pay’ is a prepaid account to which customers can transfer money online from their […]
In an attempt to make inroads into the young consumer segment, the State Bank of India (SBI) launched a new SimplySAVE credit card on 30 March. The latest product from the SBI stable offers its users a chance to earn 10 points on every Rs 100 spent on dining out, purchasing movie tickets and shopping […]
A GOOD credit score helps us establish our borrowing credibility in front of banks and lending institutions. If you have a good score, you have a better chance of getting your loan approved. Most often we forget the contribution of credit cards towards our credit score. Here's how you can make the most of credit […]
