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CRED, PhonePe, Paytm Halt Credit Card Rent Payments Following RBI’s New Rules

India’s leading fintech platforms—PhonePe, Paytm, and CRED—have stopped offering credit card-based rent payments on their apps. Rent payments had become a popular but contentious way for users to earn credit card rewards in recent years. The move follows the Reserve Bank of India’s (RBI) revised...
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HDFC Bank to Introduce ‘Infinia Bharat’: RuPay Version of Its Premium Credit Card

HDFC Bank is gearing up to launch a new credit card under its flagship Infinia brand – the Infinia Bharat Credit Card. Recent updates, including changes in the HDFC Add-on Credit Card forms and the addition of an enrollment link for Club Marriott membership,...
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2 new debit card, credit card rules applicable soon

The Reserve Bank of India (RBI) has proposed that cardholders be given the option...
Business

Cred revenue grows 3.5x to Rs 1,400 crore, losses widen 5% to Rs 1,347 crore in FY23

Fintech firm Cred has reported Rs 1,400 crore in revenue from operations for FY...
Business

Cred enters new business segment, launches vehicle management service

Cred, a credit card and bill payments fintech unicorn, has entered the vehicle management...
Business

Credit card numbers hit a new high in September despite decline in spending

According to RBI data, credit card usage in India hit a record high in...
Business

Fintech startup Converj’s credit cards for b2b payments looks at addressing the MSME credit gap

The size of the small and medium businesses credit gap is often touted to...
Business

Debit card payments plummet over 13% in FY 2022-23: RBI data

The volume of debit card payments has fallen by just over 13 percent in...
Business

Banks don’t want you to overpay card dues

Banks are either not allowing credit card users to pay an amount more than...
Business

Kotak Mahindra plans to ramp up credit card business, more launches on the anvil, says top executive

Kotak Mahindra Bank plans to be aggressive in pushing its RuPay credit cards business...
Business

HDFC Bank Swiggy Credit Card offers 10% cashback, higher than most cashback credit cards; is it a good deal?

To cash in on the rising popularity of cashback credit cards, another new cashback...
Business

Credit card numbers hit a new high in June despite decline in spending

Credit cards in force hit a new high in June, surging to 88.7 million...
Business

Credit card default rises to Rs 4,072 crore in FY23

Credit card default rose to Rs 4,072 crore or 1.94 percent at the end...
Business

Vijay Shekhar Sharma to buy 10.30% stake in Paytm from AntFin.

Vijay Shekhar Sharma, the founder of Paytm, will acquire a 10.30% stake in the business...
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Featured

CRED, PhonePe, Paytm Halt Credit Card Rent Payments Following RBI’s New Rules

India’s leading fintech platforms—PhonePe, Paytm, and CRED—have stopped offering credit card-based rent payments on...
Featured

HDFC Bank to Introduce ‘Infinia Bharat’: RuPay Version of Its Premium Credit Card

HDFC Bank is gearing up to launch a new credit card under its flagship...
Featured

CRED Partners with IndusInd Bank to Launch Co-Branded Credit Card

CRED, widely recognized as a fintech unicorn, is reportedly teaming up with IndusInd Bank...
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Flipkart Black (VIP) Now Comes with Free 1-Year YouTube Premium

Flipkart’s annual paid subscription for frequent shoppers, previously known as Flipkart VIP and akin...

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