The FinTech Hub
Source: Live Mint Online shopping has become a convenient way to make purchases at the ease of your home. With credit cards you can make transactions easily without spending immediate cash. The card issuer pays on your behalf while you do not have to worry about repaying until the next bill due date. If you…
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 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 Once a user starts using a UPI credit card, it becomes a daily habit. This is why UPI payments are a huge market to tap into with its size almost three times the size of the credit card market, Riya Bhattacharya, founder of a fintech startup Rio Money tells MintGenie in an…
Source: Live Mint Since the rise of digital payments, protecting credit card information in transactions is much more important than before. Security risks, that include phishing, bullying, hacking attacks and data losses, are real threats to financial security. Hence, it is extremely important to keep your credit card data secure at all times. Let us…
Source: Live Mint Credit card tokenisation is the process of replacing the 16-digit number on a card with a unique combination of numbers called a token. This approach enhances the security of credit card transactions by ensuring that personal details are not included in the token. Tokenisation is commonly used by online platforms such as…
Source: Live Mint The Reserve Bank of India’s (RBI) Governor Shaktikanta Das on Wednesday announced to raise the transaction limits of UPI 123 and UPI Lite, thus expanding the scope of UPI for an increasingly large number of people. While acknowledging that Unified Payments Interface (UPI) has transformed India’s financial landscape by making digital payments…
Source: Business Standard The Immediate Payment Service (IMPS) transaction volume was down by 5 per cent in September to 430 million from 453 million in August | (Photo: Shutterstock) 3 min read Last Updated : Oct 01 2024 | 2:34 PM IST Unified Payment Interface (UPI) transactions saw a marginal increase of 0.5 per…
Source: Business Standard 2 min read Last Updated : Sep 27 2024 | 6:07 PM IST NPCI International Payments Limited (NIPL), the international arm of the National Payments Corporation of India (NPCI), on Friday partnered with the Ministry of Digital Transformation (MDT) of Trinidad and Tobago to develop a real-time payments platform similar to…
