The FinTech Hub
Source: Live Mint In December 2024, total number of credit cards was 108.06 million, a 10.4 percent year-on-year increase as compared to Dec 2023, shows a report by Worldline India. The report further reveals that top five issuers of credit cards were HDFC Bank, State Bank of India (SBI), ICICI Bank, Axis Bank and RBL…
Source: Live Mint The National Payments Corporation of India (NPCI) has been expanding UPI’s global footprint since its first international collaboration with Singapore in 2020. Countries that now accept UPI payments include Singapore, the United Arab Emirates, Sri Lanka, Mauritius, Bhutan, Nepal and France. Arun Panicker, a 56-year-old traveler from India, recently experienced this firsthand…
Source: Live Mint The Reserve Bank of India (RBI) has recently stated that credit surge in India has more than doubled in the last five years. The total number of credit cards have reached a staggering 10.80 crore by December 2024, in comparison to 5.53 crore in December 2019 as detailed in a report by Press Trust…
Source: Live Mint Planning an international trip is a thrilling journey. Selecting a destination, crafting an itinerary, and anticipating each step fills you with excitement. The thought of immersing yourself in diverse cultures, savouring unique cuisines, and creating cherished memories is truly exhilarating. Yet, it’s equally crucial to handle your finances thoughtfully during your travels….
Source: Live Mint An individual’s credit score is mainly affected by factors like timely EMI and credit card bill payments, credit utilisation ratio, secured and unsecured credit mix, number of credit applications and their frequency, ageing of loans and credit cards, etc. There are a lot of myths and misconceptions about some other factors that…
Source: Live Mint Modern credit cards and debit cards are the core of financial life in a fast-paced world. Both are made for convenience and flexibility but are based on fundamentally different concepts. Understanding these key differences will help you make sound financial decisions that will benefit your lifestyle. What is a credit card? A…
Source: Business Standard Credit Card, Shopping(Photo: Shutterstock) 3 min read Last Updated : Oct 11 2024 | 11:00 AM IST In June 2024, India saw a significant increase in the number of credit, debit, and prepaid cards, reaching a total of 1.451 billion cards—an 11 per cent jump from the previous year, according to…
Source: Business Standard PNB, Punjab National Bank (Photo: Shutterstock) 2 min read Last Updated : Oct 09 2024 | 6:18 PM IST Punjab National Bank (PNB) has said that all electronic mandates (e-mandates) for its Rupay Debit Cards have to be registered again on relevant merchant platforms or websites. Click here to…
Source: Live Mint Are you prompt in paying rents to your landlord? If you are consistent with rent payments and live in Mumbai, you would be able to avail loans on that basis alone soon. Regular payments would also earn rewards, a rent credit score and a Residence Card (R-Card) that would store all the…
