Debit card, credit card rules: At the moment, when you apply for a debit or credit card, the network provider is normally determined by the...

Debit card, credit card rule to change: The Reserve Bank of India has recently proposed that the card issuers i.e., banks and finance compa...

Networks of American Express, Diners Club International, Mastercard, Visa and homegrown RuPay provide services to customers in India, but t...

RuPay Debit and Credit cards issued by banks in India have gained international acceptance through bilateral arrangements with internationa...

In the absence of clarity on the applicability of these rules announced earlier this month, fintechs are engaging with partner banks and no...

Government officials told ET that the RBI order, published late Monday, came after commercial lenders had raised concerns with the banking ...

Currently, there are separate ombudsmen for banks, non-banking finance companies and prepaid card issuers. The move is aimed at providing a...

When you buy a forex card, you are being charged an issuance fee (which is the cost of the card). And, when you buy a credit card from a fi...

If an unauthorised transaction takes place from the customer's mobile wallet due to the negligence of PPI issuer, then, in that case, the c...

If you are planning on going on a holiday abroad this summer, here is what you should know about prepaid or forex cards.

The move comes in the wake of banks complaining that biometric authentication across all point of sales terminals was proving to be a chall...

The Reserve Bank today tightened and streamlined the norms regarding issuance of pre-paid payment instruments and capped their maximum valu...

The Reserve Bank of India has raised the minimum capital requirement for pre-paid card issuers five times to Rs 5 crore and told them to ma...

The pre-paid cards, technically known as semi-closed pre-paid instruments are convenient alternatives to cash & cheques.

Credit card issuers may allow card holders to convert their dues into a loan and repay through EMIs, both on new purchases as well as the e...

RBI is opposed to the idea of allowing prepaid mobile phone balances to be used in lieu of cash and to buy goods and services other than mo...

The central bank has now proposed that only banks and finance companies be allowed to issue pre-paid cards which are accepted outside a clo...