News Finance Ministry Rolls Back Changes Made to TCS for Foreign Remittances There shall be no TCS for payments amounting to less than Rs. 7 lakhs per financial year per individual through any mode of payment,... Sarvesh MathiJune 29, 2023
News International credit card transactions just got more expensive with FEMA Amendment Rules 2023 Post this amendment, any foreign remittance above $250,000 made through a credit card will require prior approval from RBI Kamya PandeyMay 18, 2023
News Amex to share credit card info of customers with NeSL starting November; SBI card and PNB already sharing The same had earlier been put on hold by Amex after concerns were raised by experts and cardholders on privacy risks and other grounds Sarvesh MathiOctober 18, 2022
News Vision 2025: What is RBI planning for the next three years? Global expansion of UPI, RTGS, and NEFT, higher debit over credit card usage among 3 year goals in 'Vision 2025' report by Reserve Bank... Sashwata SahaJuly 15, 2022
News Evaluating Ecosystem Readiness: RBI’s No-Card-Storage Mandate From July 1, the RBI will not allow storage of card details and will implement 'card tokenisation' instead. But is India's payment ecosystem ready? Guest AuthorJune 15, 2022
News Amex pauses plan to share credit card data with NeSL after customers flag privacy concerns One such concern was the non-consensual sharing of personal credit card spending data with government agencies. Sarvesh MathiApril 4, 2022
News Deep Dive: The privacy implications and legality of RBI’s mandate to banks to share credit card information with NeSL The RBI circular mandates financial creditors like Amex to submit information related to debts to an information utility. Sarvesh MathiMarch 8, 2022
News CRED Valued At $2.2 Billion After Raising $215 Million Indian fintech company Cred has raised $215 million in Series D funding round led by Falcon Edge and Coatue Management, The Economic Times reported... Sarvesh MathiApril 7, 2021
News Google Pay will soon support card payments in India: Report Google Pay will soon let users in India make payments with their credit and debit cards, the Economic Times reports. The app currents supports... Zaheer MerchantMay 13, 2019
News Digital banking in Q3FY19: ICICI, Kotak Mahindra, Union, Canara and Yes Bank All numbers for Q3FY19 unless stated otherwise. ICICI Bank: 23 million VPAs; digital transactions and notes ICICI Bank had 23 million VPAs on its... Trisha JalanFebruary 12, 2019