Search For "debit"
SBM Bank India Launches World Elite Metal Debit Card - An On-request Gatew
Updated : 2 years, 9 months ago IST
Mumbai (Maharashtra) [India], June 9: SBM Bank India today unlocked exclusive, on-invitation access to the world of luxury with the launch of the SBM World Elite Metal Debit Card. Powered by Mastercard, SBM World Elite Metal Debit Card is designed and being offered exclusively to SBM Private
Read More
Indian banks can issue Rupay prepaid forex cards: RBI Governor
Updated : 2 years, 9 months ago IST
RBI Governor said RuPay Debit and Credit cards issued by banks in India are gaining increased acceptance abroad.
Read More
Foreign Exchange Industry calls for clarity on proposed 20 per cent TCS: S
Updated : 2 years, 9 months ago IST
Mumbai (Maharashtra) [India], May 25: The foreign exchange Industry has expressed serious concerns about the applicability of 20 per cent Tax Collection at Source (TCS) under the Liberalized Remittance Scheme (LRS) effective from July 1, 2023. On 19th May, 2023, Ministry of Finance clarif
Read More
Priyanka Chaturvedi urges Nirmala Sitharaman to scrap TCS, bring clarity o
Updated : 2 years, 9 months ago IST
Amid the ongoing uncertainty on the issue of imposed Tax Collected at Source on the usage of international debit or credit cards during foreign travel, Rajya Sabha member Priyanka Chaturvedi wrote a letter to the Union finance minister Nirmala Sitharaman to consider scrapping or minimising s
Read More
TCS for international card spend exempted under RBI's remittance scheme up
Updated : 2 years, 9 months ago IST
The Ministry of Finance on Friday said it decided that any payments by an individual using their international debit or credit cards upto Rs seven lakh per financial year will be excluded from the RBI's Liberalised Remittance Scheme (LRS) limits and hence, will not attract any Tax Collected
Read More
RuPay goes live on CVV-less payments for tokenized cards
Updated : 2 years, 10 months ago IST
RuPay has now introduced the CVV (Card Verification Value) free payment experience for its debit, credit and prepaid cardholders who have tokenized their cards on the merchant application or webpage, National Payments Corporations of India said in a statement on Monday.
Read More
Loyalty reward technology facilitator Enigmatic Smile launches Single.id w
Updated : 2 years, 10 months ago IST
Mumbai (Maharashtra) [India], May 1 (ANI/NewsVoir): Loyalty rewards marketing facilitator, Enigmatic Smile recently launched its latest Television commercial with brand ambassador MS Dhoni. Marking its successful launch in India, the company commissioned Indian production house Windchimes, t
Read More
Transactions worth Rs 149.5 trillion done in India during 2022 via UPI, de
Updated : 2 years, 11 months ago IST
In terms of UPI, Person-to-Merchant (P2M) and Person-to-Person (P2P) are the most preferred payment modes among consumers with a market share of 40 per cent and 44 per cent in terms of transactions volume (UPI was 84pc in total), according to Worldline in its India Digital Payments Annual Re
Read More
PhonePe launches support for cross-border UPI payments
Updated : 3 years, 1 month ago IST
According to PhonePe, users would now be able to make payments in foreign currencies directly from their bank accounts, similar to international debit cards.
Read More
RBI proposes to launch pilot project for QR code-based coin vending machin
Updated : 3 years, 1 month ago IST
These vending machines will dispense coins against debit to the customer's account using Unified Payments Interface (UPI) instead of physical tendering of banknotes.
Read More
Paytm to be key beneficiary of UPI incentive scheme, may cash in 5-7% of t
Updated : 3 years, 2 months ago IST
The Union Cabinet on Wednesday approved the incentive scheme with a financial outlay of Rs 26 billion for the promotion of RuPay Debit Cards and low-value BHIM-UPI transactions (P2M) for 2022-23, compared with Rs 15 billion in 2021-22.
Read More
Jaishankar lauds cabinet decisions, says scheme on RuPay debit cards, UPI
Updated : 3 years, 2 months ago IST
Jaishankar, who made a series of tweets, said significant decisions were taken by the Union Cabinet on Wednesday.
Read More