Credit cardholders in India now have the option to choose their preferred card network, which includes Mastercard, RuPay, or Visa, when applying for a new card or renewing an existing one. This change aligns with the Reserve Bank of India’s (RBI) efforts to expand customer choice and promote competition within the digital payments sector. In … Read more
The National Payments Corporation of India (NPCI) has a campaign, “Link it, Forget it”, to raise awareness about RuPay Credit cards, which can be seamlessly linked to a UPI ID, enabling secure and convenient payments. The campaign was launched during the ongoing season of Indian Premier League (IPL). The campaign, designed by DDB Mudra Group, … Read more
Reward points are like golden tickets offered by credit card companies to entice users. The more you spend, the more points you accumulate, which can be redeemed for a variety of perks like travel, shopping, dining and more. The prospect of earning these reward points often tempts many to pass their big-ticket purchases like cars … Read more
IndusInd Bank today launched the EazyDiner IndusInd Bank Platinum Credit Card in collaboration with EazyDiner. With no joining fees and a host of other benefits to ensure that everybody enjoys fabulous dining experiences, this card distinguishes itself as an entry-level variant from the existing EazyDiner credit card by IndusInd Bank and EazyDiner. This credit card … Read more
The convenience and accessibility of using credit cards is helping spur an increase in demand in India’s Tier-II and III towns and cities, with fuel cashback credit cards seeing high demand along with travel and e-commerce credit cards that saw a higher adoption rate in 2023, according to a new report by ZET, India’s fast-growing … Read more
Credit card providers have traditionally offered perks such as airport lounge access to entice customers. However, these benefits have gradually been curtailed, leaving cardholders wondering why. For instance, after HDFC Bank, Axis Bank and SBI Card, ICICI Bank recently modified its airport lounge access benefits and reward points rules on 21 credit cards. According to … Read more
As global economies grapple with exponential growth and development, India’s banking sector has seen a significant surge in credit operations. The destination of these funds, amounting to trillions of rupees, has now become a topic of interest and study. Where is the enormous volume of bank credits, specifically personal loans, absorbed in the country’s financial … Read more
The convenience and simplicity of online transactions have significantly propelled the widespread adoption of credit cards in recent times. With the exponential growth of e-commerce platforms and digital services, consumers are drawn to the ease and speed of online purchases. Raj Khosla, Founder and MD of MyMoneyMantra.com, talks to Navneet Dubey of BT Money Today about the … Read more
As of October 1, the Government of India has implemented a 20% Tax Collected at Source (TCS) on all foreign tour packages. This measure, having been in place for two months now, is expected to change the dynamics of international tourism in the country. Rajnish Kumar, Chairman of Mastercard India, was speaking during a discussion … Read more
The Parliamentary standing committee on finance has pitched for providing a credit card to MSME entrepreneurs on the lines of Kisan credit cards, putting in place a mechanism for payment scores and a significant ramp up of SIDBI to ensure access to regular credit to small businesses. Former minister of state for finance and chairman … Read more