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YES BANK collaborates with Zaggle to launch Next-Gen Corporate Credit Card  YES BANK announced the launch of an innovative co-branded Corporate Credit Card in collaboration with Zaggle, a leading player in spend management, with a differentiated value proposition and diversified user base. Christened ‘YES BANK Zaggle Corporate Credit Card’, the proposition marks a significant step in YES BANK’s journey towards ushering in a digital revolution by empowering businesses to reimagine their payment processes, streamline reconciliation, and effic...
YES BANK collaborates with Zaggle to launch Next-Gen Corporate Credit Card
YES BANK collaborates with Zaggle to launch Next-Gen Corporate Credit Card
Source: PR Agency
25/08/2023 7:15:36 PM
Festivities begin with offers from Bank of Baroda Credit Cards - save big while shopping, traveling, dining & more! Festivals have forever held a cherished spot within the hearts of Indians, symbolizing moments of unity, prosperity, and sheer elation. These lively festivities are intricately woven into India's cultural fabric, portraying the nation's remarkable blend of diversity and solidarity. In perfect resonance with this festive enthusiasm, BoB Credit Card is all set to engulf India in the very essence of celebration, presenting an exhilarating array of offers spanning its complete r...
Festivities begin with offers from Bank of Baroda Credit Cards - save big while shopping, traveling, dining & more!
Festivities begin with offers from Bank of Baroda Credit Cards - save big while shopping, traveling, dining & more!
Source: PR Agency
24/08/2023 5:06:59 PM
India`s SBI Card misses Q1 profit view on high credit costs, margin pressure  India's second-largest credit card issuer SBI Cards and Payment Services on Friday reported a slide in first-quarter profit as elevated credit costs and margin compression offset growth in revenue. Profit after tax for the June quarter fell 5.36% to 5.93 billion rupees ($72.16 million) year-on-year, below the estimated 5.98 billion rupees, according to Refinitiv IBES data. Net interest margin (NIM), a key measure of profitability, fell 176 basis points to 11.5%, due to a drop ...
India`s SBI Card misses Q1 profit view on high credit costs, margin pressure
India`s SBI Card misses Q1 profit view on high credit costs, margin pressure
Source: Reuters
28/07/2023 5:14:21 PM
Swiggy launches credit card with HDFC Bank Online food-delivery platform Swiggy and private sector HDFC Bank on Wednesday announced the launch of the Swiggy HDFC Bank co-branded credit card. The co-branded credit card, the first ever from Swiggy, will be hosted on Mastercard’s payment network. The credit card will provide cardholders rewards and benefits across various online platforms, including Swiggy, according to the company. “We recognise that modern-day consumers actively seek rewards, offers, and cashback p...
Swiggy launches credit card with HDFC Bank
Swiggy launches credit card with HDFC Bank
Source: IANS
26/07/2023 3:50:51 PM
RBI issues directions on issuance of debit, credit cards The Reserve Bank of India (RBI) on Wednesday issued a draft circular on issuance of debit, credit, and prepaid cards, directing that card issuers shall issue cards across more than one card network and also give an option to customers to choose from any one among the multiple card networks. In the circular on arrangements with card networks for the issue of debit, credit and prepaid cards, the central bank said that the existing arrangements between card networks and card issuers i.e. bank...
RBI issues directions on issuance of debit, credit cards
RBI issues directions on issuance of debit, credit cards
Source: IANS
6/07/2023 9:36:48 AM
Visa acquires fintech startup Pismo for $1 billion  Credit card major Visa has acquired Pismo, a cloud-native issuer processing and core banking platform, for $1 billion in cash. Pismo has operations in Latin America, Asia Pacific and Europe. The fintech startup also has some customers in India, Southeast Asia and Australia. With the acquisition, Visa will be positioned to provide core banking and issuer processing capabilities across debit, prepaid, credit and commercial cards for clients via cloud native application programmin...
Visa acquires fintech startup Pismo for $1 billion
Visa acquires fintech startup Pismo for $1 billion
Source: IANS
29/06/2023 11:52:49 AM
Canara Bank Rupay Credit Card on UPI The use of Unified Payment Interface (UPI) has been on the rise, with UPI becoming the most popular digital product of NPCI used by people of all ages and genders due to its simplicity. To leverage the reach of UPI and the strength of credit card products, Canara Bank, in collaboration with NPCI, has launched the Rupay Credit Card through UPI using the BHIM app. With this introduction, all Canara Bank customers can link their active Rupay Credit Card to UPI and make merchant payments without ...
Canara Bank Rupay Credit Card on UPI
Canara Bank Rupay Credit Card on UPI
Source: PR Agency
15/03/2023 2:43:26 PM
6 essential habits you need to maintain a good credit score Looking for a loan or a credit card? In that case, it is essential for you to know about your credit score. Your credit score helps you define your credit value in front of a lender when you apply for a loan or a credit card. Credit value, also known as credit worthiness, is the measure of how eligible you are to get a credit card, and a good credit score makes it easy for you to get a credit card or a loan. Now that we know what a credit score is, let’s dive into some of the ways in...
6 essential habits you need to maintain a good credit score
6 essential habits you need to maintain a good credit score
Source: .
6/02/2023 10:25:40 AM
SBI Cards Q3 PAT at Rs 509 crore on reduced NIM Credit card major SBI Cards and Payment Services Ltd on Tuesday said it closed Q3 of FY23 with a higher net profit of Rs 509.46 crore. In a regulatory filing, the company said for the quarter ended December 31, 2022, it had earned a total operational revenue of Rs 3,507.12 crore (Q3FY22 Rs 2,889.46 crore) and a net profit of Rs 509.46 crore (Rs 386.77 crore). However the after tax profit for the period under review is lower than the Rs 525.64 crore profit the company had posted for Q2 o...
SBI Cards Q3 PAT at Rs 509 crore on reduced NIM
SBI Cards Q3 PAT at Rs 509 crore on reduced NIM
Source: IANS
24/01/2023 6:25:20 PM
Axis Bank doubles down on Cloud-driven digital banking solutions  India's financial system's resilience has been a key factor in supporting its superior macro outlook at a time when storm clouds gather over the global economy. In its annual report on trends and progress in banking, the Reserve Bank of India (RBI) noted that it is the resilience of the banking system that has enabled it to achieve healthy balance sheet growth on a broad-based acceleration in credit. Indian banks are future proofing their businesses by embracing digital te...
Axis Bank doubles down on Cloud-driven digital banking solutions
Axis Bank doubles down on Cloud-driven digital banking solutions
Source: IANS
20/01/2023 3:17:00 PM
Mastercard, Polygon join hands to launch web3-focused artist incubator Global payments and technology company Mastercard partnered with Polygon to launch a web3-focused incubator to help artists connect with fans through a new medium, at the Consumer Electronic Show (CES) 2023. According to TechCrunch, the new web3 project will provide emerging artists with the web3 tools and skills to help them connect with their fans. Polygon is a blockchain platform that connects and scales blockchain networks. Its goal is to build a multi-chain blockchain ecosystem tha...
Mastercard, Polygon join hands to launch web3-focused artist incubator
Mastercard, Polygon join hands to launch web3-focused artist incubator
Source: IANS
8/01/2023 3:58:20 PM
Razorpay allows merchants to accept credit card payments via UPI Fintech platform Razorpay on Monday announced an industry-first move to enable merchants to accept credit card transactions on unified payments interface (UPI), as the digital payments landscape witnesses a stupendous growth. With RuPay credit cards being enabled on UPI, Razorpay merchants can begin accepting credit card payments on UPI, with minimal changes to their existing setup. The company said that move is made possible in partnership with Axis bank, which shares Razorpay's fo...
Razorpay allows merchants to accept credit card payments via UPI
Razorpay allows merchants to accept credit card payments via UPI
Source: IANS
5/12/2022 4:45:49 PM
Digital payments in India touch Rs 38.3 lakh cr at over 23 bn transactions The Unified Payments Interface (UPI), debit and credit cards, prepaid payment instruments like mobile wallets, and prepaid cards logged 23.06 billion transactions amounting Rs 38.3 lakh crore in the third quarter this year, a new report showed on Monday. At the top, the UPI clocked over 19.65 billion transactions in volume and Rs 32.5 lakh crore in terms of value. The UPI transactions volume and value almost doubled since last year as it recorded about an 88 per cent increase in volume ...
Digital payments in India touch Rs 38.3 lakh cr at over 23 bn transactions
Digital payments in India touch Rs 38.3 lakh cr at over 23 bn transactions
Source: IANS
5/12/2022 4:40:09 PM
Credit card bill payment platform Cred acquires CreditVidya Credit Card bill payment platform Cred on Tuesday said it has acquired SaaS lending-as-a-service platform CreditVidya in a mix of cash and stock transcation for an undisclosed sum. CreditVidya's full stack platform enables businesses to embed customised credit products through easy to integrate application programming interfaces (APIs). "Expanding access to credit is a key driver for financial progress. CreditVidya's patented tech stack uncovers signals of trust among under...
Credit card bill payment platform Cred acquires CreditVidya
Credit card bill payment platform Cred acquires CreditVidya
Source: IANS
29/11/2022 4:11:34 PM
Zaggle and NPCI partner to launch multiple credit cards on RuPay network This marks the beginning of a strategic partnership between Zaggle, a leader in digitizing business spends and India’s Indigenous global card payment network  Zaggle, a profitable SaaS FinTech company and a pioneer in digitizing business spends has collaborated with National Payments Corporation of India (NPCI) to issue contactless credit cards on the RuPay network.  Zaggle and NPCI along with partner banks would use this platform to launch multiple credit cards to ...
Zaggle and NPCI partner to launch multiple credit cards on RuPay network
Zaggle and NPCI partner to launch multiple credit cards on RuPay network
Source: PR Agency
2/11/2022 12:33:28 PM
Cred introduces `Scan & Pay` feature for UPI payments Credit card bill payment platform Cred on Saturday launched 'Scan & pay', a UPI payment experience for members on the app. The members can make UPI payments from their bank accounts linked to the CRED app, by scanning any QR code. "The all-new Cred pay experience builds on top of this with privacy-first features, personalisation and other member exclusives," said Kunal Shah, Founder, Cred. The company said that every Scan & Pay' payment is protected and ...
Cred introduces `Scan & Pay` feature for UPI payments
Cred introduces `Scan & Pay` feature for UPI payments
Source: IANS
2/10/2022 12:04:29 PM
Card tokenisation to kick in, laggards are there: RBI The tokenisation of debit/credit card details will happen from October 1 onwards even though there may be laggards unwilling to comply with the regulations, said a senior official of the Reserve Bank of India (RBI). According to RBI Deputy Governor T. Rabi Shankar, a total of 35 crore tokens have been created and the system is ready to be rolled out. He also said in September, 40 per cent of the online card transactions valued at about Rs 63 crore has been tokenised. Shankar said few...
Card tokenisation to kick in, laggards are there: RBI
Card tokenisation to kick in, laggards are there: RBI
Source: IANS
30/09/2022 2:41:57 PM
Samsung launches credit card in India with 10% cashback on its products 24/7 Samsung India on Monday announced its first-ever credit card in India in partnership with Axis Bank and Visa, that will give customers 10 per cent cashback across all Samsung products and services round the year. The 10 per cent cashback offer will be over and above the company's offers, on both EMI and non-EMI transactions. "We realise that 70 per cent of consumers are upgrading their devices within 12 months of purchase in the country. This co-branded credit card will help th...
Samsung launches credit card in India with 10% cashback on its products 24/7
Samsung launches credit card in India with 10% cashback on its products 24/7
Source: IANS
26/09/2022 1:22:18 PM
RBI ready to bring card tokenisation norms into effect from October 1 The Reserve Bank of India (RBI) is ready to bring its card-on-file tokenisation norms into effect from October 1 after various complaints were filed regarding the misuse of debit or credit cards. Several people were cheated in the last few years by cyber frauds because they have stored their card data on the merchants website for future payments. Lets us understand what these new norms are and why you should tokenise your card. Firstly, tokenisation means the details of your cards su...
RBI ready to bring card tokenisation norms into effect from October 1
RBI ready to bring card tokenisation norms into effect from October 1
Source: IANS
17/09/2022 3:13:12 PM
EaseMyTrip gains on launching co-branded credit card Easy Trip Planners is currently trading at Rs. 398.20, up by 0.95 points or 0.24% from its previous closing of Rs. 397.25 on the BSE. The scrip opened at Rs. 402.95 and has touched a high and low of Rs. 404.85 and Rs. 397.85 respectively. So far 48618 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 476.50 on 24-May-2022 and a 52 week low of Rs. 201.65 on 20-Jul-2021. Last one week high and low of the scrip stood...
EaseMyTrip gains on launching co-branded credit card
EaseMyTrip gains on launching co-branded credit card
Source: Accord Fintech
20/07/2022 2:30:54 PM
AU Small Finance Bank surges on launching innovative Credit Card product ‘LIT’ AU Small Finance Bank is currently trading at Rs. 619.70, up by 20.35 points or 3.40% from its previous closing of Rs. 599.35 on the BSE. The scrip opened at Rs. 601.00 and has touched a high and low of Rs. 621.50 and Rs. 595.50 respectively. So far 23173 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 732.90 on 21-Apr-2022 and a 52 week low of Rs. 467.50 on 27-Dec-2021. Last one week high and low of the scrip ...
AU Small Finance Bank surges on launching innovative Credit Card product ‘LIT’
AU Small Finance Bank surges on launching innovative Credit Card product ‘LIT’
Source: Accord Fintech
23/06/2022 11:07:12 AM
Quote on Monetary Policy announcement by Saurabh Puri, Zaggle Below is quote on Monetary Policy announcement linking RuPay credit cards to UPI by Saurabh Puri, Chief Business Officer - Credit Cards, Zaggle UPI is one of the biggest success stories in India and RBI’s announcement of linking RuPay credit cards with UPI is a progressive move to catalyze digital payments in the country. A lot of small value transactions that are happening today will now automatically come under the purview of credit cards, which is one big advantage ...
Quote on Monetary Policy announcement by Saurabh Puri, Zaggle
Quote on Monetary Policy announcement by Saurabh Puri, Zaggle
Source: PR Agency
8/06/2022 5:26:43 PM
IndiGo partners with Kotak Mahindra Bank to launch Ka-ching credit card Mumbai, 14th December, 2021: The sound of cash is going to excite even more as India’s leading carrier IndiGo and the country’s leading bank Kotak Mahindra Bank (KMBL) launch its travel credit card – ‘Ka-ching’. The co-branded credit card was officially launched at the Delhi Airport by William Boulter, Chief Commercial Officer, IndiGo and Ambuj Chandna, President – Consumer Assets, Kotak Mahindra Bank in the presence of officials from both the organizations...
IndiGo partners with Kotak Mahindra Bank to launch Ka-ching credit card
IndiGo partners with Kotak Mahindra Bank to launch Ka-ching credit card
Source: PR Agency
14/12/2021 5:48:42 PM
BOB Financial partners with OneCard to launch mobile-first, metal credit card * Digital-first credit card powered by a mobile app to offer seamless smart-banking experience * To offer lifetime validity and zero joining fee with a 100% digital onboarding process * Virtual credit card to be delivered in under 3 minutes and metal card to be delivered in 3-5 days * Cards to be issued by BFSL, managed by OneCard, and powered by VISA Mumbai, 24th November 2021: BOB Financial Solutions Limited (BFSL) - a wholly owned subsidiary of Bank of Baroda, has partnere...
BOB Financial partners with OneCard to launch mobile-first, metal credit card
BOB Financial partners with OneCard to launch mobile-first, metal credit card
Source: PR Agency
24/11/2021 5:53:15 PM
Kotak Mahindra Bank partners with NPCI to launch Credit Cards on RuPay * Kotak’s first credit card on the RuPay network is the ‘Veer’ credit card, specially designed for the Indian armed forces – Army, Navy, and Air Force * The Kotak RuPay Veer Platinum and Kotak RuPay Veer Select Credit Cards offer a host of benefits to users such as zero joining fee, fuel, and railway surcharge waivers, etc. Mumbai, October 28, 2021: Kotak Mahindra Bank (KMBL) and the National Payments Corporation of India (NPCI) today announced that they hav...
Kotak Mahindra Bank partners with NPCI to launch Credit Cards on RuPay
Kotak Mahindra Bank partners with NPCI to launch Credit Cards on RuPay
Source: PR Agency
28/10/2021 2:13:52 PM
BPCL gains on joining hands with SBI Card to launch co-branded RuPay Contactless Credit Card Bharat Petroleum Corporation is currently trading at Rs. 422.65, up by 2.80 points or 0.67% from its previous closing of Rs. 419.85 on the BSE. The scrip opened at Rs. 420.10 and has touched a high and low of Rs. 423.25 and Rs. 420.10 respectively. So far 28501 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 503.00 on 14-Sep-2021 and a 52 week low of Rs. 324.90 on 15-Oct-2020. Last one week high and low of the ...
BPCL gains on joining hands with SBI Card to launch co-branded RuPay Contactless Credit Card
BPCL gains on joining hands with SBI Card to launch co-branded RuPay Contactless Credit Card
Source: Accord Fintech
24/09/2021 11:28:39 AM
India's HDFC Bank aims to reclaim credit card market share in coming quarters MUMBAI -India's largest private sector lender HDFC Bank aims to regain lost market share in credit cards in the next 3-4 quarters after the central bank removed a ban imposed more than eight months ago. The bank plans to issue up to 300,000 credit cards from next month which will be scaled up to half a million in the coming months, Parag Rao, Group Head-Payments at HDFC Bank said in a press briefing on Monday. "We have significant headroom to grow...our conservative approach to...
India's HDFC Bank aims to reclaim credit card market share in coming quarters
India's HDFC Bank aims to reclaim credit card market share in coming quarters
Source: Reuters
23/08/2021 3:09:59 PM
Credit card Sector Update - June trend indicates recovery in spend post dip in May By ICICI Securities June trend indicates recovery in spend post dip in May We expect total credit card spend in Q1FY22 to be 8% lower than in Q4FY21 at an aggregate level. For SBI Credit Cards (SBIC), we expect the total spend to be Rs333bn in Q1FY22E vs Rs359bn in Q4FY21. At the systemic level, the impact of covid second wave on credit card as well as other payments, has been much less than during the first wave, and recovery too has been faster.   * Total credit card (CC) spend of Rs547bn in May&...
Credit card Sector Update - June trend indicates recovery in spend post dip in May By ICICI Securities
Credit card Sector Update - June trend indicates recovery in spend post dip in May By ICICI Securities
Source: ICICI Securities
18/08/2021 11:51:16 AM
2nd Covid wave to impact credit card spends in near term The second wave of Covid is likely to impact credit card expenditures, new card sourcing, according to a report by Axis Securities.   The 'Credit Card Business Monitor' noted that Citi Bank's exit from the credit cards business and domestic corporate loan cycle yet to pick up, credit cards will remain a growth avenue, especially for the major players such as SBI Cards, ICICI Bank.   "Given the challenges posed by COVID 2.0, we expect the spends, new sour...
2nd Covid wave to impact credit card spends in near term
2nd Covid wave to impact credit card spends in near term
Source: IANS
27/05/2021 12:12:09 PM
CRED raises $215M in new round, turns unicorn at $2.2B valuation Members-only credit card management and bill payments platform CRED on Tuesday said it has raised $215 million (about Rs 1,579 crore) in a Series D funding round at a post-money valuation of $2.2 billion. New investor Falcon Edge Capital and existing investor Coatue Management led this round, while Insight Partners joined the CRED cap table. Existing investors DST Global, RTP Global, Tiger Global, Greenoaks Capital, Dragoneer Investment Group, and Sofina have also participated in this r...
CRED raises $215M in new round, turns unicorn at $2.2B valuation
CRED raises $215M in new round, turns unicorn at $2.2B valuation
Source: IANS
7/04/2021 9:38:22 AM