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
News India added 1 million credit cards, debit cards declined by 12.8 million in November 2019 In November 2019, the number of debit cards stood at 830.8 million, a decline of 12.86 million cards over October 2019. At the same... Sandeep VermaFebruary 10, 2020
News Total number of POS machines grew 39% YoY to 4.88 million in November 2019 The number of point of sale (PoS) machines increased to 4.88 million in November 2019, up 39% from 3.51 million in November 2018, according... Sandeep VermaFebruary 10, 2020
News India adds 9.46M debit cards, 0.82M credit cards in September 2019 In September 2019, the number of debit cards grew to 835.6 million, a 9.46 million increase over August. At the same time, a total... Sandeep VermaNovember 19, 2019
News Total number of POS machines grew 30% YoY to 4.25 million in July 2019 The number of point of sale (POS) machines increased to 4.25 million in July 2019, up 30% from 3.27 million in July last year,... Sandeep VermaOctober 15, 2019
News India had 50.3M credit cards and 840.6M debit cards in July 2019 In July 2019, the number of debit cards grew to 840.6 million, an addition of 3.7 million new cardholders over June. At the same... Sandeep VermaOctober 15, 2019
News India had 49.65M credit cards, 836.89M debit cards in June 2019 In June 2019, the number of debit cards grew to 836.89 million, an addition of 11.9 million new cardholders. At the same time, a... Sandeep VermaSeptember 13, 2019
News ‘Wish to eliminate debit cards’, says SBI chairman: report The State Bank of India wishes to “eliminate” the ubiquitous debit card from India’s banking system, the bank’s chairman Rajnish Kumar said on August... Soumyarendra BarikAugust 21, 2019
News India had 48.9M credit cards, 824.9 debit cards in May 2019 In May 2019, the number of debit cards sharply declined to 824.93 million, a reduction of 59.8 million existing cardholders. At the same time,... Sandeep VermaJuly 11, 2019