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Behemoth of digital payments: UPI

Behemoth of digital payments: UPI

The UPI ecosystem after getting launched in 2016, has made a tremendous upsurge in numbers both in value & volume. Demonetization coupled with a sleek and easy to use interface had led UPI numbers to cross Rs 1 trillion mark. While the card transactions (both in value and volume) remained stagnant, they are still three times greater than UPI. UPI 2.0, which has been launched by NPCI, covers more use-cases than the current version. Some of the features of UPI…

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How owning a credit card saves you money?

How owning a credit card saves you money?

No one would have told you that credit card can help you save money. When we think of credit card, interests, debt, repayments etc come to our mind. But according to experts there are many ways by which credit cards actually help you save money. Whether it is discounts, exclusive offers, rewards points, cash backs, or even cheap EMI’s – credit cards provide you with many money saving options that can help you save thousands of rupees and can even…

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Do Employers check your credit score?

Do Employers check your credit score?

Yes they can, anytime you apply for a job, the employer can have you sign a release that permits them to pull your credit reports at will. You might want to start thinking of your credit score being another parameter why you may get rejected for a job. Sixty percent of employers recently surveyed by the Society of Human Resource Management said they run credit checks on all or some potential new hires. That’s up from 43 percent in 2006…

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SC Verdict on Adhaar-Impact on Fintech Companies

SC Verdict on Adhaar-Impact on Fintech Companies

As per Section 57 of the Aadhaar (targeted delivery of financial and other subsidies, benefits and services) Act, 2016 allowed state or any body corporate or person to use Aadhaar number for establishing the identity of an individual for any purpose. This provision is now been read down by SC which is impacting businesses, startups to come up with an alternate means of conducting their KYC which was a paperless, presence-less and low-cost method. Also the current ruling says that…

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Bursting the Myths of Credit Card

Bursting the Myths of Credit Card

Myth: Having too many credit cards can make your credit score poor People have a notion that every card would play a role in to increase your debts, this is only true with people who don’t pay off their debts or recklessly manage their expenses. Every card has different offers, discounts and reward points on its purchases. No one card can satisfy all needs. If someone is a frequent traveler they might go for a travel card, contrary to the…

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Menace of fake news: How vulnerable are we?

Menace of fake news: How vulnerable are we?

WhatsApp has appointed a grievance officer for India, to address the concerns revolving fake news on it platform. This move was taken as a result of various actions taken by Indian Government which makes social media companies responsible remove objectionable contents and video from their sites and not the users. Law enforcement agencies are closely monitoring actions of social media companies According to an MIT study, it showed that fake stories are 100 times more probable to reach to bigger…

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4 Ways to escape your credit card debt?

4 Ways to escape your credit card debt?

The advent of credit cards has been a boon for consumers for they can easily pay their bills with the help of credit cards and pay the credit card bill at the end of the month. The extent of use of credit cards can be gauged from the fact that the volume of credit card stands at 30 million vis-à-vis debit card which stands at 800 million. Yet the transaction value of credit card and debit card is same. People…

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Google Pay a.k.a. Tez and its future plans

Google Pay a.k.a. Tez and its future plans

Google has rebranded its payment app as Google Pay from Tez. For last one year Google has run rate of $30 Billion in India and it seems that Tez has become one of the favourable app to make payments. The intention behind this is to bring the Google pay in India. Google pay has the feature of ‘Tap & Pay’ . Tap and pay is similar to apple pay and Samsung pay in which the card is stored in the…

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Prevention from credit card cloning

Prevention from credit card cloning

                Frauds are caught in Delhi when a person was found making transaction using cloned credit card and through him all the other members were arrested. The Delhi cybercrime team shared few points about credit card cloning. However we are not going to discuss that points rather we will discuss about those points to keep in mind to prevent from cloning. Here are few points to keep in mind while applying and using…

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Recent acquisitions by Amazon in India

Recent acquisitions by Amazon in India

Amazon being the fastest growing e-commerce in India is not only looking to expand in terms of Amazon retail, it is now aggressively focusing on other verticals like Amazon pay and Amazon Now. Amazon pay has recently acquired Tapzo (India’s first all in one app) at the valuation of $40-$45 Million and planning to acquire More Supermarket by Aditya Birla Group at the valuation of $59.3 – $ 63.5 million (4200-4500 crore INR). As amazon is growing in India, it…

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