The FinTech Hub
Source: Live Mint In an era where online transactions are the norm, virtual credit cards (VCCs) have gained popularity in the financial world. These electronic substitutes for traditional plastic cards offer a modern means of payment with the aim of enhancing security and convenience. Let’s understand how safe they are. Understanding virtual credit cards A…
Source: Live Mint India is going through an epic credit card boom. The Reserve Bank of India (RBI) recently stated that the credit surge in the country has more than doubled in the last five years. The total number of credit cards has crossed 10.80 crore by January 2025. This number was around 5.53 crore…
Source: Live Mint Credit cards have become a popular option for people who want to make smart payments and earn rewards every time they make transactions. Virtual credit cards (VCCs) have taken a lead as a preferred choice of digital transactions due to the enhanced security and convenience it imparts. Safer online shopping: VCCs are…
Source: Live Mint History holds significance as it helps understand past events, which aids in making sense of the present, and taking informed decisions for the future. For financial institutions (FIs), such as banks and non-banking financial companies (NBFCs), understanding the history of a customer in terms of how he/she has managed credit in the…
Source: Live Mint Your credit cards consist of a three digit security number which is known as a CVV (Card Verification Value). Often overlooked, the CVV plays a significant role in ensuring the security of your transactions. This number prevents unauthorized payments and also saves you from scams. Let us understand what CVV is and…
Source: Live Mint Credit cards have seamlessly integrated into our daily lives, offering more than just convenience—they’ve become essential tools for managing expenses. Whether it’s for travel, daily purchases, or exclusive rewards, credit cards help you save while enjoying a more luxurious lifestyle. However, if your card is misplaced or stolen, it’s crucial to block…
Source: Live Mint Using a fraudulent credit card swiping scheme, a mobile shop manager conned his former colleague and three others of ₹75 lakhs, as per a media report. With an increase in the number of users of credit cards across the nation, such scams are also gaining traction. How was the scam planned and…
Source: Live Mint In November 2024, the Reserve Bank of India released the report on Trend and Progress of Banking in India. As per the report, a total of 18,461 banking operations frauds involving Rs. 21,367 crores were reported in FY 2023-24 till September end. Of these, the maximum number of frauds (13,133) were related…
Source: Live Mint Axis Bank provides credit cards offering exciting rewards and offers on your favourite brands as well as on everyday spending. These credit cards aim to provide you luxury without hurting your wallet. Activating your Axis Bank credit card is quick and easy! You can activate your card in simple and convenient steps….
Source: Live Mint Credit card fraud is a growing concern in today’s digital landscape. With the rise of online transactions, fraudsters continuously devise new methods to steal your hard-earned money. By understanding the most common credit card scams and implementing preventive measures, you can protect yourself from becoming a victim of these fraudulent activities. What…
