Debit Cards

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

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

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

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

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

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

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

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

Digital transactions at 1.11 bn in January: Govt's 25 bn target for this fiscal doubtful as citizens return to habit of cash

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.