Latest News on Debit Cards
Showing of 0 - 10 from 38 results
Debit Cards - Total results - 38
May 07, 2019
Mastercard commits $1-bn investment in India in next 5 years; plans to develop country as global tech nodeThis investment will help foster innovation and increase Mastercard's speed-to-market capabilities and value-added services.
Nov 10, 2018
Digital payment transcations rise over 3-fold at 207% to 244.81 cr in August 2018: IT MinistryExisting payment modes such as debit cards, credit cards, Immediate Payment Service (IMPS) and Pre Paid Instruments(PPI) have registered substantial growth as well.
Aug 22, 2018
ICICI Bank launches Manchester United-branded credit and debit cardsICICI 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
Aug 03, 2018
Govt's push for a digital revolution right in intent, but surface level adjustments cannot solve systemic problemsWith 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.
Apr 19, 2018
Cash crunch: Cashless economy is still far away; govt hasn't done enough to push digital transactionsThe 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.
Feb 13, 2018
Citibank, J.P.Morgan and Bank of America bar use of credit cards for buying bitcoins, other cryptocurrenciesReserve Bank of India (RBI), country’s banking ombudsman, has also flagged off certain risks associated with the use of virtual or crytpocurrencies
Feb 08, 2018
Digital transactions at 1.11 bn in January: Govt's 25 bn target for this fiscal doubtful as citizens return to habit of cashArray
Dec 14, 2017
Govt to discuss MDR rate issue with RBI, says finance ministry officialThe 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.
Dec 07, 2017
Govt ropes in ICICI Bank to enable cashless payments on e-NAM; to end traditional transaction modes for trading at mandisICICI Bank will enable BHIM and Unified Payments Interface on the e-NAM portal for making cashless payments
Dec 06, 2017
RBI changes MDR for debit card payments, widens ambit to include small merchants; here are new ratesRBI 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