With the transition from cash to digital payments gaining traction, the next expense area being targeted is rent. RentPay, a London-based company RedGirraffe’s fintech platform, can now be used for paying rent through credit cards. Currently, individuals with credit cards from HDFC, SBI Cards, IndusInd Bank, Axis Bank, ICICI Bank and Kotak Mahindra Bank can […]
The NPCI (National Payment Corporation of India) has reported that an estimated 25 lakh shops across India have started accepting card payments through PoS terminals. Of these, an estimated 10 lakh PoS machines across India were installed after the 8th November 2016 announcement. As per the State Bank of India, the addition of these PoS […]
Credit cards can be used for small- to big-ticket purchases and for earning cashback — all in one convenient swipe. But that’s not all that they have to offer. To help you fully utilize your card, here are the top 6 perks on credit card that you have been ignoring: Discount on Retail and […]
As a banking institution, SBI or State Bank of India has no equal in the country. The SBI Cards division might be relatively new but slowly and surely, the company has built a reputation for itself in the Indian credit card space. The range of offerings from SBI Cards includes premium credit cards such as […]
The demonetization of high currency notes by the government has led to a big surge in digital payments, with more and more people realizing the convenience that comes with it. As India progresses towards a cashless economy, we take a look at how different digital payment systems work and fare against each other: Mobile […]
India’s biggest public sector bank, State Bank of India will soon launch new set of credit cards for the lower strata with a cap of Rs 25,000. These cards will help those people who have the capacity to pay but don’t have cards. Vijay Jasuja, Chief executive of SBI cards and Payment Services said […]
Continuing with its push towards a cashless digital economy, government has introduced additional schemes to promote the use of digital payment options as opposed to cash-based transactions. These new digital payment benefits include the following: • Nil Service Tax on transaction charges for individual digital payments not exceeding Rs. 2,000 • 0.75% discount on sale […]
In the process of easing online card payments, Reserve Bank of India (RBI) relaxed the authentication norms for the payments up to Rs.2000. To add on to the convenience with sufficient security of online shopping for low value transactions, card issuers would offer payment authentication solutions for the respective card networks on an optional basis. […]
First things first – Using your credit card till it reaches the credit limit is not a good practice and should be completely avoided. You should not use more than 40% of your credit limit in any given month. A maxed-out credit card is a dangerous proposition because of several reasons. Firstly, a credit card […]
After the recent data theft of debit cards, the banking industry has tightened security aspects of cards and have urged customers to change passwords. Here are different kinds of card frauds and the necessary precautionary steps. Skimming This takes place when your card is inserted into an electronic device that copies and saves the […]
