News A think tank’s new research report uncovers the hidden costs of BNPL products Dvara Research has published a report on the hidden costs of buy now pay later (BNPL) products, a sector once billed as an 'alternative'... Sashwata SahaJuly 22, 2022
News Why RBI’s deadline extension for card storage rules does not really address industry concerns RBI extended the deadline for its card storage rules to September end, but the concerns of merchants is more than just the amount of... Sarvesh MathiJune 29, 2022
News RBI has zero info on payment ecosystem readiness for new card storage rules, RTI reveals In response to an RTI request, RBI said that is has no information pertaining to a number of important questions around its new card... Sarvesh MathiJune 28, 2022
News RBI extends deadline for card storage rules to September 30 RBI extended the deadline for merchants and payment aggregators to delete customer debit and credit card data by three months. Sarvesh MathiJune 27, 2022
News RBI bars prepaid wallets and cards from offering credit lines to customers Non-banks issuing prepaid payment instruments (PPIs) like wallets and prepaid cards cannot offer customers a credit line, RBI said. Sarvesh MathiJune 21, 2022
News RBI lifts restriction on Mastercard, allows banks to issue new cards on the network RBI allows Mastercard to on-board new customers, after the network showed compliance with data localisation norms. Sarvesh MathiJune 17, 2022
News Deep Dive: Why online debit and credit card transactions will start failing from July 1 Starting July 1, online merchants can't store credit and debit card details of customers. Here's how disruptive this is going to be. Sarvesh MathiJune 13, 2022
News Coming soon: Now pay with UPI using your credit card RBI has proposed to allow linking credit cards to UPI, starting with RuPay. But there are some challenges that need to be addressed first. Sarvesh MathiJune 9, 2022
News Apple to stop accepting credit and debit cards in India Two new RBI regulations have resulted in this situation. Sarvesh MathiMay 19, 2022
News What’s new in RBI’s guidelines for credit cards and debit cards No unsolicited issuance of cards, recovery agents should not harass card holders, and card issuers should not share customer data without consent are some... Sarvesh MathiApril 25, 2022