The FinTech Hub
Source: Live Mint Due to excellent rewards and benefits, as well as their domestic and international acceptability, RuPay credit cards have gained more popularity in India. Connecting your RuPay credit card to UPI helps accelerate transactions and make it more accessible, regardless of your level of credit card experience. This is a comprehensive guide on…
Source: Live Mint Unified Payments Interface, or UPI, is one of the most convenient ways to carry out a transaction. Merely by scanning a QR code or by entering a few keys into your smartphone, you can transfer the money online. Alternatively, you can use a credit card that needs to be swiped or touched at a PoS (point…
Source: Live Mint This move aims to encourage first-time investors, particularly from low-income segments and underserved regions, to participate in mutual fund investments. Despite the mutual fund industry’s robust growth, a significant market remains untapped, offering immense potential for expansion. Untapped potential The country’s mutual fund industry has witnessed exponential growth in recent years. Total…
Source: Live Mint Capital markets regulator Securities Exchange Board of India (Sebi) has alluded that the daily transaction limit for capital market transactions is set to be raised to ₹5 lakh. The daily transaction limit currently stands at ₹2 lakh. Notably, this is not a final announcement but a part of the Sebi’s consultation paper…
Source: Live Mint The latest Reserve Bank of India (RBI) data showed a noticeable decline in the share of prepaid payment instruments (PPIs), while there was a massive surge in the share of Unified Payments Interface (UPI) transactions in the entire digital payment ecosystem. In value terms, the share of PPIs declined from ₹1.43 lakh…
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 Do you often use UPI for making your sundry payments – whether it is about paying your Uber driver, for online shopping, or to pay for the roadside chai? If that is the case, then you must have noted that your UPI app generates a transaction ID as you transfer the money….
Source: Live Mint In today’s financial ecosystem, using a credit card has become more of a norm than a choice. At the same time, making payments through UPI – by and large – has surpassed debit card payments by a wide margin. The value of UPI payments spiked from ₹17.15 lakh crore in Oct 2023…
Source: Live Mint IDFC FIRST Bank, in partnership with RuPay, has announced the launch of the UPI-enabled FD-backed secured credit card. Known as FIRST EARN, it is backed by fixed deposit, thus enabling everyone to avail it. It also offers cashback on UPI payments thus making the product rewarding for users. Additionally, fixed deposit creation…
Source: Live Mint Unified Payments Interface (UPI) transactions hit a record high of 16.73 billion in December 2024, a rise of 8 per cent from November data with 15.48 billion transactions, according to data released by the National Payments Corporation of India (NPCI). With the rising popularity of UPI, credit card users are now opting…
