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CREDIT CARD USAGE
Tap-and-pay takes off; ADIA to trim Lenskart stakeHappy Thursday! Tap-and-pay card usage is on the rise in India despite UPI's dominance. This and more in today’s ETtech Morning Dispatch.- Contactless card payments on the rise as Indian shoppers swipe less, tap moreIndian shoppers are increasingly opting for contactless 'tap-and-pay' card transactions, with estimates suggesting they now account for up ...
- Parimatch probe takes ED to Zepto's doorstepThe Enforcement Directorate is investigating offshore betting platform Parimatch. The agency has questioned quick commerce app Zepto regard...
- Fed's Warsh inherits economy increasingly squeezed by inflationNew Fed Chair Kevin Warsh faces a challenging economy. Rising inflation, fueled by the Iran war's impact on energy and goods, is squeezing ...
- US Fed says Iran war driving 'moderate-to-strong' inflationUS inflation rose at a moderate to strong pace, driven largely by surging energy costs linked to the Iran war, the Federal Reserve said. Hi...
- Indian travellers worry more about forex costs than visa queues: ReportIndian travellers are set to spend more overseas following a tax reduction. However, managing travel budgets is their biggest worry. Many s...
- Banks are cutting credit card perks quietly; Learn how to get more value from your walletMany banks have recently reduced credit card rewards, cashback limits, and perks, prompting cardholders to reassess their spending strategi...
- From lottery draws to fiscal spending, China broadens digital yuan footprintIn a series of measures, many revealed here for the first time, the People's Bank of China (PBOC) is giving banks policy incentives and beh...
- Can you use UPI abroad? Here’s what Indian travellers must know about charges, limits and security risksIndian travellers are increasingly using UPI abroad for convenient payments, but understanding its limitations and risks is crucial. While ...
- Banks need to act fast as customers turn to AI for stock picks and savings yields: McKinsey & CompanyCustomers are embracing generative AI at an unprecedented pace. This rapid adoption is outpacing traditional technologies, leaving banks wi...
- Free airport lounge access via credit cards is getting tougher as banks tighten entry rules, set minimum spending criteriaThe logic is simple: lounge access has become a heavily used perk. Banks earlier assumed that only premium customers or frequent flyers wou...
- New PAN norms 2026: Where quoting is relaxed and where it’s now mandatoryNew Income Tax Rules, 2026 have relaxed PAN quoting for several transactions, including cash deposits and debit card applications. However,...
- Born out of microfinance, Bandhan Bank now bets big on AI and digital bankingAs Bandhan Bank accelerates its transition from a microfinance-led institution into a universal bank, Executive Director & COO Ratan Kumar ...
- Beyond transactions: The potential of mobile bankingDigital banking in India is transforming. Apps now help users make financial decisions, not just transactions. IDFC FIRST Bank's app integr...
- 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...
- India’s credit card market expands to 119 million, PSU banks gain in spendsIndia's credit card market has surpassed 119 million cards. HDFC Bank, SBI Cards, ICICI Bank, and Axis Bank dominate this sector. HDFC Bank...
- Can you apply for credit card without income proof?While income proof is often perceived as mandatory for credit cards in India, it's not always the case. Banks consider various factors beyo...
- Lifetime free travel credit card offer for Eterna extended by BOBCARD till June 30, 2026; Here’s what it offersBOBCARD has extended its lifetime free offer on the ETERNA travel credit card until June 30, 2026, for new customers. This premium card pro...
- 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...
- US small businesses pull back on investment: Only 16% plan CapEx in March, lowest since 2009US small businesses are becoming careful with money and reducing new investments. Many are facing rising costs, hiring issues, and uncertai...
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