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New Delhi, April 6: Digital payments platform PhonePe on Monday announced a limited-period offer on its newly launched co-branded credit card with State Bank of India. The PhonePe SBI Card is being offered with zero joining fee for the first year, allowing customers to access its benefits without any upfront cost. "Users can enjoy the premium benefits of the card at no cost for the first year," the fintech platform said. The card, available on both RuPay and Visa platforms, is tailored for digi ...Read More >
India's Unified Payments Interface (UPI) processed 218.6 billion transactions in the fiscal year ending March 2026, with a cumulative value of Rs 284.7 lakh crore, according to data from the National Payments Corporation of India (NPCI). Transaction volumes remained consistently elevated, crossing the 20-billion mark in several months, even as growth showed signs of tempering in the latter part of the year. January recorded the highest volume with 21.7 billion transactions, followed by Decembe ...Read More >
New Delhi [India], February 16 (ANI): Unified Payments Interface (UPI) has emerged as the most preferred mode of transaction, accounting for 57 per cent, surpassing cash transactions at 38 per cent, primarily due to ease of use and instant fund transfer capability, according to a survey. The Department of Financial Services (DFS), Ministry of Finance, released a report titled 'Socio-Economic Impact Analysis of the Incentive Scheme for Promotion of RuPay Debit Card and low-value BHIM-UPI (Person ...Read More >
New Delhi, Feb 16 (SocialNews.XYZ) UPI has emerged as the most preferred mode of payment, accounting for 57 per cent of total payment transactions in India, surpassing cash transactions at 38 per cent, primarily due to ease of use and instant fund transfer capability, according to an independent study commissioned by the Finance Ministry. Digital payments now dominate everyday transaction behaviour, with 65 per cent of UPI users reporting multiple digital transactions per day. Preference for UP ...Read More >
Mumbai: Google Pay has been distributing personal loans on behalf of its lending partners for several years and has now expanded its product suite to include credit cards. However, while personal loans are a third-party product, the credit card launch is the first native product introduced by the payments giant, which aims to go beyond distribution and create a credit ecosystem on the platform. "We're not doing this simply because we have distribution power. If that was the case, I would have g ...Read More >
Gurgaon/Mumbai : Paisabazaar, India's largest consumer credit marketplace and free credit score platform, and YES BANK, India's sixth largest private sector bank, have announced the launch of the upgraded YES BANK Paisabazaar PaisaSave Credit Card. This co-created credit card now offers one of the highest dining and travel cashback benefits in its category. With a powerful 6% cashback on dining and travel spends, the revamped PaisaSave Credit Card delivers strong value with no joining fee, maki ...Read More >
New Delhi [India], October 31 (ANI): Industry body India Fintech Foundation (IFF) has written to the Finance Ministry warning that more than 80% of Unified Payments Interface (UPI) transaction volumes are currently handled by just two third-party app providers (TPAPs). The group has urged policy intervention to prevent systemic concentration and ensure fair competition within India's most critical digital payments channel. In its letter, IFF said the current structure poses "systemic concentrat ...Read More >
HSBC India has launched HSBC Digital Merchant Services. This new solution simplifies payment processes for online businesses. Merchants can now manage various payment methods through a single platform. This includes cards, UPI, and net banking. The service aims to reduce operational costs and improve transaction insights. Mahanagar Gas Limited is an early user of this integrated payment solution. HSBC on Tuesday announced the launch of HSBC Digital Merchant Services (DMS) in India, a digital pa ...Read More >
Setty said the lender needs to get the 'collections piece right' on the small value loans before rolling out other products on the UPI State Bank of India's (SBI's) chairman CS Setty on October 8 said that the lender is working on the simplification of Know Your Customer (KYC) and re-KYC and will engage with the regulators and the government. "We are working on that, the simplification of KYC processes. Even if it means that we need to engage with the regulators and the government, we are taki ...Read More >
New Delhi : IndiGo, India's preferred airline and SBI Card, India's largest pure-play credit card issuer, today launched the 'IndiGo SBI Card', as part of the IndiGo BluChip loyalty program. This premium co-branded credit card has been launched in two variants, IndiGo SBI Card and IndiGo SBI Card ELITE, offering highly rewarding experience to avid travellers. Customers will earn rewards on all spends made on offerings within IndiGo's ecosystem, and on hotel and travel bookings, among other categ ...Read More >
Fintech platform CRED is postponing its IPO, deeming itself "too young" and prioritizing building a robust financial ecosystem. CEO Kunal Shah aims to deepen relationships with affluent users and expand product offerings, fueled by a recent $75 million Series G fundraise. CRED launched new features including asset tracking, curated fixed deposits, and premium credit cards. Fintech platform CRED has ruled out an initial public offering (IPO) in the immediate future, with Founder and CEO Kunal Sh ...Read More >
Bengaluru, Sep 15 (PTI) Fintech platform CRED has ruled out an initial public offering (IPO) in the immediate future, with Founder and CEO Kunal Shah stating the company is "too young" for public markets and is instead prioritising robust institutional building and expanding its range of offerings for India's affluent, creditworthy consumers. Acknowledging the inevitability of going public "at the right time", Shah underlined that the firm's immediate focus is on nurturing a trusted financial e ...Read More >
The Union Cabinet has extended the PM SVANidhi scheme until March 31, 2030, with a Rs 7,332 crore outlay, benefiting 1.15 crore vendors. Loan limits are increased, and UPI-linked RuPay credit cards are introduced for timely repayment. The Union Cabinet on Wednesday approved the restructuring and extension of the Prime Minister Street Vendor's AtmaNirbhar Nidhi (PM SVANidhi) scheme till March 31, 2030, with a total outlay of Rs 7,332 crore. The decision was taken at a meeting chaired by Prime M ...Read More >
Tickets for Lollapalooza India 2026 sold out in just 30 minutes after the general sale opened, following the announcement that Linkin Park will make their long-awaited India debut, headlining the festival as part of their From Zero World Tour. The band will take the stage at Mahalaxmi Racecourse in Mumbai on January 25, 2026, bringing their signature high-energy performance to an eagerly awaiting Indian audience. As per reports, the announcement was made through a newsletter to fans, complete w ...Read More >
New Delhi, Aug 28 (SocialNews.XYZ) Union Home Minister Amit Shah on Thursday hailed the socio-economic gains from the Pradhan Mantri Jan Dhan Yojana (PMJDY), crediting Prime Minister Narendra Modi for conceiving the world's largest banking initiative in history. "Exactly 11 years ago today, for the financial inclusion of the poor, women, farmers, and deprived sections, Modi ji launched the world's largest banking initiative in history, the 'Pradhan Mantri Jan Dhan Yojana'," said HM Shah on the ...Read More >
New Delhi: When you apply for a credit card, you usually check things like the features, rewards, and which bank is giving you the card. But did you know that there's a situation where the bank really doesn't matter much? It sounds odd, but it's true -- this happens with RuPay credit cards! RuPay cards, made by NPCI, can be connected to UPI. Once you link your RuPay credit card to UPI, you can make payments through UPI just like you would from your bank. The main difference? Instead of the mone ...Read More >
New Delhi, Jul 6 (PTI) Finance Minister Nirmala Sitharaman held a series of bilateral meetings, including with Russian and Chinese counterparts, and discussed issues of bilateral cooperation and interests. These meetings were held on the sidelines of the BRICS Finance Ministers and Central Bank Governors meeting in Rio de Janeiro. During a meeting with Anton Siluanov, Finance Minister of Russia, Sitharaman expressed gratitude for the support extended by President Vladimir Putin after the Pahal ...Read More >
Mumbai - Over the past week, hundreds of users took to social media to share videos of themselves cutting, snapping, and even burning their old credit cards. What began as a product launch quickly turned into a movement, as audiences resonated with the idea of letting go of outdated credit products. At the center of it all was #RoastYourCard, a campaign by neobank Jupiter to introduce the EDGE+ CSB Bank RuPay Credit Card, available exclusively on the Jupiter app. Designed for digital-first India ...Read More >
Air India is also offering additional discounts through various payment offers, so you can enjoy even more savings. Air India has launched its limited-time Black Friday Sale, offering up to 20 percent off base fares for domestic flights and up to 12 percent off on international flights to destinations like the United States, Europe (including the UK), Australia, Southeast Asia, and South Asia. The sale is available exclusively on Air India's official website and mobile apps for iOS and Android ...Read More >
Air India launched a Black Friday Sale with discounts up to 20% on domestic flights and up to 12% on international flights to various destinations. The sale is available through the airline's website and mobile apps. Additional savings are possible with waived convenience fees and specific payment methods. The airline continues offering student and senior citizen discounts.Air India on Friday launched a limited-time Black Friday Sale offering discounts of up to 20 per cent off base fares for dom ...Read More >
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