News Credit cards add new source of revenue for payment apps Several of the top payment companies have launched virtual and physical credit card products in the last few months in a bid to grab... Advait PalepuNovember 17, 2020
News Poor cross-border transactions drives Visa’s poor Q4 earnings Similar to its global counter-part Mastercard, Visa Inc. reported a 17% YoY drop in revenues and a 30% YoY drop in profits for Q4... Advait PalepuOctober 29, 2020
News RBL Bank expects further defaults in its credit card business RBL Bank expects to see further defaults in its credit card business in the months to come. At the end of September 2020, 9.4%... Advait PalepuOctober 29, 2020
News Drop in cross-border transactions impacts Mastercard’s Q3 earnings Mastercard Inc. reported a 30% YoY drop in profits and a 14% YoY fall in revenues for Q3 as cross-border transactions on the card... Advait PalepuOctober 29, 2020
News SBI Cards reports spike in loan defaults due to Covid-19 SBI Cards and Payment Services Ltd reported a rise in loan defaults from its credit card customers during the second quarter of the financial... Advait PalepuOctober 22, 2020
News India had 57.3M credit cards, 845.4M debit cards in June 2020 In June 2020, the number of debit cards stood at 845.4 million, increasing by 10.1 million cards over May 2020. A total of 57.3... Sandeep VermaAugust 24, 2020
News Number of POS machines grew 24% YoY to 5.04 million in June 2020 The number of point of sale (PoS) machines increased to 5.04 million in June 2020, up 24% from 4.07 million in June 2019, according... Sandeep VermaAugust 24, 2020
News India had 57.4M credit cards, 829.4M debit cards in April 2020 In April 2020, the number of debit cards stood at 829.4 million, an increase of 800,000 cards over March 2020. At the same time,... Sandeep VermaJuly 27, 2020
News FY20 saw over 50,000 cases of fraud usage of debit, credit cards In FY20, more than 50,000 cases — 52,006 to be precise — of fraudulent usage of debit cards, credit cards and internet banking were... Soumyarendra BarikMarch 18, 2020
News Online banking and ATM frauds involving more than Rs 1 lakh increased 54% in FY19 Frauds in online banking and ATM transactions for amounts below Rs 1 lakh increased 54% in FY19 from the previous year to over 50,000... Trisha JalanMarch 16, 2020