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UPI will incur a Merchant Discount Rate (MDR) of 0.4% on specific Person-to-Merchant (P2M) transactions over Rs 2,000 from October 15. However, not all UPI payments will carry a fee, and small merchants are explicitly exempt from this rule. Furthermore, merchants will bear the cost of this charge. (Image: Pexels) The National Payments Corporation Of…
New Delhi: Credit card spending eased by Rs 2.5 billion in October to Rs 2,142 billion, a moderation of 1.1 per cent month‑on‑month but an increase of 6.1 per cent year‑on‑year, driven by a sharp shift toward point‑of‑sale transactions, a report said on Tuesday. “The strong POS growth can likely be attributed to festive (Diwali)…
New Delhi53 minutes ago Copy link If you pay your home fare from mobile apps like Phonpe, Paytm, CRED and Amazon Pay, then you will not be able to do it now. Because, the Reserve Bank of India (RBI) has implemented new rules related to payment services. Under the new rules, Fintech platforms have discontinued…
New Delhi: These days, more and more people are looking for ways to get a credit card without opening a regular bank account. The idea is simple — greater convenience, flexibility, and faster access to credit. Thanks to technology and financial inclusion initiatives, it’s becoming easier than ever to apply for a credit card without…
The National Payments Corporation of India (NPCI) has increased transaction limits for several categories that are being implemented from today, September 15. The limits are changed particularly for high‑value sectors like insurance, investments, travel, and credit card bills. According to the circular issued by NPCI last month, the new UPI rules are designed to make…
New Delhi: HDFC Bank has revised the eligibility criteria for Imperia customers, effective from 1 October 2025. The changes pertain to a new Total Relationship Value (TRV) requirement for the bank’s Imperia customers who joined before June this year. HDFC Bank Total Relationship Value “For existing groups onboarded on or before 30th June 2025, the new…
New Delhi: A chargeback is a helpful consumer protection tool that allows credit cardholders to reverse a transaction when something goes wrong with a purchase. Whether it’s a case of fraud, a billing error, or a product or service that didn’t meet expectations, chargebacks give customers the right to dispute a charge and request a…
Like every month, many rules are going to change in the month of August. LPG prices have come down from August 1, while some rules related to UPI have changed. Whereas from August 15, the rules of Fastag Annual Pass are going to be implemented. All these changes will affect people’s pockets. Let’s know what…
New Delhi: PhonePe and HDFC Bank announced the launch of co-branded credit card, marking the digital payments and financial services company’s foray into the co-branded card segment. The PhonePe HDFC bank co-branded RuPay credit card is designed to meet the evolving financial needs of Indian consumers. It also offers benefits on UPI spending especially on…
New Delhi:India’s credit card debt has shot up to ₹2.92 lakh crore in just four years, and personal loans have jumped by 75%. But Monish Gosar, a Mumbai-based data scientist, says banks didn’t force anyone—people chose to borrow. “Banks didn’t trap us,” he writes. “They offered the rope. We tied the knots”. Gosar believes the…