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EPFO 3.0 promises a digital PF experience, but can it fix years of legacy problems?EPFO 3.0 aims to modernize provident fund services through upgraded technology, faster claim processing, simplified withdrawals, digital re...
RBI nudges banks to offer better forex rates to retail customersThe Reserve Bank of India is pushing banks to offer better foreign exchange rates for individuals and small businesses. A new platform allo...
Lost Rs 50,000 in digital fraud? Soon, you can get 85% amount back if you follow these rules - 3 calculations to explain how this worksAs per the latest RBI guidelines, if you have lodged a complaint for the fraudulent transaction within 5 calendar days, you shall be compen...
RBI finalises digital banking fraud protection rules; introduces shadow reversal, extends relief to sole proprietorsVictims of digital payment fraud losing up to Rs 50,000 can now get up to Rs 25,000 compensation from banks, effective January 1, 2027. The...
RBI expands digital fraud protection, introduces compensation for small-value scam victimsThe RBI has expanded customer protection rules for digital payment frauds to cover cases where people are tricked into sending money to sca...
NPCI plans to enable unified e-mandate tracking for all UPI appsThe National Payments Corporation of India is set to unify UPI e-mandate management for all third-party apps, allowing users to view subscr...
Can DigiLocker replace your bank locker? What you need to know about storing important documentsIndians face a choice between traditional bank lockers and the government's DigiLocker for important documents. While DigiLocker offers con...
For both the compulsive trader and careful investor: 25 stocks to watch if risk appetite returns; some with upside potential, some notIf the price of crude oil softens, Indian equities may again see a risk-on phase. Tariff concerns are no longer the central issue; the larg...
Withdraw EPF through UPI soon as government completes testingEmployees Provident Fund Organisation subscribers will soon withdraw their provident fund corpus directly through Unified Payment Interface...
UPI processes 85% of India's payment volumes but just 9.5% of value; RTGS dominates at 68.6%UPI processed most payment transactions in India by volume in late 2025. RTGS handled significant value with low volume. NEFT offered versa...
Credit card transactions jump 2.6 times in four years: RBI reportCredit card transactions in India saw a significant jump between 2021 and 2025. Private banks expanded their dominance in this segment. Deb...
Why India cannot build a world-class fintech champ yetIndia boasts world-class digital finance but lacks global consumer fintechs. Regulatory hurdles prevent innovation, unlike in markets with ...
India has no plans to raise gold, silver import duties, govt source saysIndia will not restrict international card usage or increase import duties on gold and silver. Government sources clarified this amid conce...
Inside WhatsApp's measures to curb digital arrest scamsWhatsApp is using AI to combat digital arrest scams, banning thousands of impersonating accounts. Authorities are working to prevent signif...
WhatsApp banned 9,400 accounts involved in digital arrest scams since January this year: Centre to SCAuthorities are launching a major crackdown on digital arrest scams. WhatsApp has banned thousands of accounts involved in these frauds. Ne...
From swipe to strategy: Your credit card now decides what you buyConsumers now meticulously compare credit card offers before making purchases, turning transactions into value calculations. Credit cards a...
RBI brings cross border transactions under e-mandate rules, allows customer to opt out anytimeThe Reserve Bank of India is enhancing digital fraud prevention. Cross-border recurring electronic payments via cards, prepaid instruments,...
Coming soon: ‘Contactless’ cards to ease paymentsThese cards can complete a payment transaction in one-tenth of the time traditionally taken to conduct electronic transactions.
- Credit card transaction value up 53 per cent at Rs 8,421 crore in December
Credit card transactions worth Rs 8,421 crore were carried out in December, up 53 per cent as compared to the same month in 2010.
- India has the potential to emerge among the top five economies in the world for electronic payments
Electronic card transactions - debit, credit and prepaid are growing at double-digit rates with debit cards' compounded annual 45.5% drivin...