Credit cards

Tech giant Apple set to break ties with Goldman Sachs for credit card business

29 Nov 2023

Apple has decided to terminate its credit card partnership with banking giant Goldman Sachs. Apple had sent a proposal to the Wall Street Bank to end the contract in the next 12 to 15 months.

NPCI gets nod to acquire 10% stake in e-commerce network ONDC

05 Sep 2022

RBI launches UPI for feature phones and 24x7 helpline for digital payments

14 Mar 2022

RBI bars Mastercard from new card issues for failure to comply with data rules

15 Jul 2021

Citibank seeks to sell its credit card business for as much as Rs4,000 cr

03 May 2021

NPCI set to abolish PSP fee for P2M transactions till 1 April

21 Feb 2020

MasterCard’s China joint venture for clearing operations gets PBOC nod

12 Feb 2020

Worldline, Ingenico to combine in $8.7 bn deal

04 Feb 2020

The merger will create the world’s fourth-largest payment service provider with proforma 2019 net revenues of €5.3 billion and combined revenue of €2.5 billion

SBI to switch to EMV chip and PIN-based cards from 1 January; introduce OTP-based withdrawals

27 Dec 2019

RBI introduces prepaid instrument for small-value payments

26 Dec 2019

The new PPI can be used only for the purchase of goods and services up to Rs10,000 per month and Rs1,20,000 during the entire financial year

UPI payment services to expand overseas soon

25 Oct 2019

Visa, MasterCard, eBay too ditch Facebook’s digital currency consortium

14 Oct 2019

MasterCard to buy most of payments company Nets for $3.19 billion

07 Aug 2019

The acquisition of majority of Nets’ Corporate Services business will provide more depth and scale to MasterCard’s `Send and Transfast’ technologies that deliver cross-border payments to bank accounts, mobile wallets and cards

Mastercard moved Trump over data localisation woes in India: report

02 Nov 2018

Clearly, the issue is not protectionism, foreign financial service firms so far not accustomed to competition, are frustrated by RuPay’s expansion

SBI limits ATM withdrawals to Rs20,000 per day for its debit cards

31 Oct 2018

RBI issues final guidelines for interoperable digital payment wallets

17 Oct 2018

Visa, Mastercard, Amex let RBI’s data localisation deadline pass

16 Oct 2018

While 60 of the 75 payment service providers have complied with the RBI directive, companies like Mastercard, Visa and American Express, who still dominate the payment ecosystem, think RBI will adjust to their requirements

US firms move Trump against RBI's financial data localisation rule

15 Oct 2018

Data storage issue may hit services of foreign credit card companies

15 Oct 2018

However, WhatsApp, which is testing its payment service in India, said last week that it has developed a system to store data locally, a move that is likely to put pressure on companies like Google and Amazon

Card companies to tap technology that changes security codes to fight online fraud

30 Jun 2017

Card companies blocking holidaymakers abroad from accessing their money

31 May 2017

RBI tightens minimum due norms for credit card issuers

21 Dec 2013

Card spending expected to double over the next decade

04 Jul 2013

Visa, MasterCard to pay $6 bn to settle US retailer’s price-fixing lawsuit

14 Jul 2012

Visa and MasterCard have also agreed to allow retailers to pass the "swipe" fees to consumers, which would also nearly eliminate discounts given by retailers to cash paying customers

HDFC Bank launches 3 travel credit cards

02 Aug 2011

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