Debit Cards

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Debit Cards - Total results - 42
Paytm Payments Bank to issue 10 mn Visa virtual debit cards to customers by 2020-21
Business

Paytm Payments Bank to issue 10 mn Visa virtual debit cards to customers by 2020-21

Paytm Payments Bank Ltd announced on Wednesday it will now start issuing Visa virtual debit cards to its customers

Cashback of 0.75% to be discontinued on all credit card payments at petrol pumps from today
Business

Cashback of 0.75% to be discontinued on all credit card payments at petrol pumps from today

An industry official said the oil companies have decided to discontinue the discount on all credit card payments from 1 October.

HDFC Bank to offer 2 million credit, debit cards named Millennia to millennials in next two years
Business

HDFC Bank to offer 2 million credit, debit cards named Millennia to millennials in next two years

HDFC Bank's credit and debit cards, christened Millennia come with a slew of features like a 5% cashback on shopping and a 1% fuel surcharge waiver

SBI plans to establish nearly 10 lakh YONO Cash Points in the country over 18 months: Chairman Rajnish Kumar
Business

SBI plans to establish nearly 10 lakh YONO Cash Points in the country over 18 months: Chairman Rajnish Kumar

State Bank of India, the country's largest lender, is planning to establish nearly 10 lakh YONO Cash Points in the country over 18 months, said its Chairman Rajnish Kumar on Wednesday

Mastercard commits $1-bn investment in India in next 5 years; plans to develop country as global tech node
Business

Mastercard commits $1-bn investment in India in next 5 years; plans to develop country as global tech node

This investment will help foster innovation and increase Mastercard's speed-to-market capabilities and value-added services.

Digital payment transcations rise over 3-fold at 207% to 244.81 cr in August 2018: IT Ministry
Business

Digital payment transcations rise over 3-fold at 207% to 244.81 cr in August 2018: IT Ministry

Existing payment modes such as debit cards, credit cards, Immediate Payment Service (IMPS) and Pre Paid Instruments(PPI) have registered substantial growth as well.

ICICI Bank launches Manchester United-branded credit and debit cards
Business

ICICI Bank launches Manchester United-branded credit and debit cards

ICICI Bank has entered into a multi-year partnership with Manchester United to offer a range of co-branded credit and debit cards to the British soccer club's millions of Indian followers

Govt's push for a digital revolution right in intent, but surface level adjustments cannot solve systemic problems
Business

Govt's push for a digital revolution right in intent, but surface level adjustments cannot solve systemic problems

With respect to financial inclusion, mobile phones hold more potential than debit cards as 240 million Indians have an inactive bank account plus a mobile phone.

Cash crunch: Cashless economy is still far away; govt hasn't done enough to push digital transactions
Business

Cash crunch: Cashless economy is still far away; govt hasn't done enough to push digital transactions

The steps thus far taken by the government are few and unsubstantial like 0.75 percent cash back on card payments in petrol bunks, waiver of user charges for online booking of rail tickets, etc.

Citibank, J.P.Morgan and Bank of America bar use of credit cards for buying bitcoins, other cryptocurrencies
Business

Citibank, J.P.Morgan and Bank of America bar use of credit cards for buying bitcoins, other cryptocurrencies

Reserve Bank of India (RBI), country’s banking ombudsman, has also flagged off certain risks associated with the use of virtual or crytpocurrencies

Govt to discuss MDR rate issue with RBI, says finance ministry official
Business

Govt to discuss MDR rate issue with RBI, says finance ministry official

The government will hold deliberations with the Reserve Bank of India (RBI) to work out a mechanism for bringing down merchant discount rates (MDR) which have increased from 0.25 percent of transaction value to 0.90 percent recently, a finance ministry official said.

Govt ropes in ICICI Bank to enable cashless payments on e-NAM; to end traditional transaction modes for trading at mandis
Business

Govt ropes in ICICI Bank to enable cashless payments on e-NAM; to end traditional transaction modes for trading at mandis

ICICI Bank will enable BHIM and Unified Payments Interface on the e-NAM portal for making cashless payments

RBI changes MDR for debit card payments, widens ambit to include small merchants; here are new rates
Business

RBI changes MDR for debit card payments, widens ambit to include small merchants; here are new rates

RBI has tweaked the fee levels to widen the network of merchant establishments which will accept the card payments and also to incentivise banks to invest more into cash-less or less-cash payment systems

Govt officials: Post demonetisation, card transactions rose by only 7 percent, UPI saw highest jump
Business

Govt officials: Post demonetisation, card transactions rose by only 7 percent, UPI saw highest jump

Transactions through debit and credit cards rose by merely seven percent post demonetisation, as against a surge of over 23 percent in overall digital transactions.

Digital transactions volume 'leapfrogged' by 3 years post-demonetisation, says SBI report
Business

Digital transactions volume 'leapfrogged' by 3 years post-demonetisation, says SBI report

Increasing number of PoS terminals and ease of doing digital transaction will increase this level further, SBI report said

Niti Aayog CEO Amitabh Kant thinks that mobile wallets may replace credit and debit cards in few years
News & Analysis

Niti Aayog CEO Amitabh Kant thinks that mobile wallets may replace credit and debit cards in few years

Mobile wallets and biometric modes of payments will replace debit and credit cards in the next three to four years, NITI Aayog CEO Amitabh Kant said today.

E-payments, digitisation: Why is the govt muddying the waters once again?
Business

E-payments, digitisation: Why is the govt muddying the waters once again?

Keeping multiple slabs will compel small businesses to open two separate shops showing turnovers of under Rs.20 lakh per annum.

Demonetisation impact: Over 125 mn totter from farm to loom, textile to employers
Business

Demonetisation impact: Over 125 mn totter from farm to loom, textile to employers

The textile industry, of which decentralised power looms and knitting are the largest components, contributes to 2 percent of India’s gross domestic product.

Cashless economy: RTO offices in Delhi set to accept digital payments in 2017
India

Cashless economy: RTO offices in Delhi set to accept digital payments in 2017

Regional Transport Offices in the national capital are set to go cashless from January when fees for all services including driving licence, auto permit and fitness certificate can be paid electronically.