News Paytm begins passing on MDR fees to customers from today: report In an attempt to reduce its burn rate and turn a profit, Paytm will begin passing on the merchant discount rate – the fee... Zaheer MerchantJuly 1, 2019
News India had 47.9M credit cards, 884.8M debit cards in April 2019 In April 2019, the number of debit cards sharply declined to 884.78 million, a reduction of 39.8 million existing cardholders. At the same time,... Sandeep VermaJune 20, 2019
News India had 46.1M credit cards, 944.5M debit cards in February 2019 In February 2019, the number of debit cards grew to 944.5 million, adding 13.28 million new cardholders. At the same time, a total of... Sandeep VermaApril 22, 2019
News India had 44.2M credit cards, 958.2M debit cards in December 2018 In December 2018, the number of debit cards declined to 958.2 million, losing 34.4 million existing cardholders. At the same time, a total of... Sandeep VermaMarch 6, 2019
News Total number of POS machines grew 19% YoY to 3.59M in December 2018 The number of point of sale (POS) machines increased to 3.59 million in December 2018, up 19% from 3.03 million in December last year,... Sandeep VermaFebruary 27, 2019
News Q3FY19: SBI’s UPI and YONO banking share up to 11% from 2% a year ago SBI has reported a net profit of Rs 3,955 crore on the back of domestic credit growth, lower overhead expenses, amongst other reasons. Its... Sneha JohariFebruary 14, 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
News India had 41.03M credit cards, 980M debit cards in August 2018 In August 2018, the number of debit cards increased to 980 million, with 18.2 million new cardholders, while a total of 41 million credit... Sandeep VermaOctober 31, 2018
News PCI: Banks may keep bulk of MDR reimbursements instead of sending to payment firms The Payments Council of India (PCI) has said that banks are yet to reimburse the Merchant Discount Rate (MDR) to payment companies, despite having... RanaSeptember 28, 2018
News India had 39.37M credit cards, 944M debit cards in June 2018 In June 2018, the number of debit cards increased to 944.3 million, with 19.2 million new cardholders, while a total of 39.37 million credit... Sandeep VermaSeptember 12, 2018