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Tag: Credit Card

Financial Inclusion Through Fintech

Financial Inclusion Through Fintech

Fintech companies are uniquely qualified to drive financial inclusion through payments, which act as a gateway to various services such as savings, credit, and insurance. Payments services can be called transaction accounts which are operated by regulators. This can be used by regulators to enable users to meets financial obligations through payments and store the rest. Fintech can improve the design of payments and accounts by making them accessible, enhance the user experience, and provide assistance. As Fintech companies move…

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Virtual Credit Card Industry in India

Virtual Credit Card Industry in India

With everything around us gradually becoming virtual or network-based, our belief in using virtual cards has evolved. The modern digitized world calls for up-gradation to the latest and up-to-date alternatives from our otherwise traditional modes of payments and financial transactions. Though the conventional cash payment still holds true, the rising popularity of cashless transactions has changed how we deal with buying goods and services. What is Virtual Credit Card? It is simply a credit card, available online instead of a…

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Credit Card Skimming

Credit Card Skimming

With time our payment methods which were once used only to be in cash have now changed drastically with the onset of the twenty-first century into the cashless method. India has also adopted the cashless economy especially following the demonetization specifically due to two reasons, one being to stop black money from layering in the system and secondly for safety, as having a lot of physical cash is not safe in all parts of the country. It carries the risk…

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Credit Line

Credit Line

The credit line, also known as the┬áLine of Credit (LOC) is a type of standing loan, which entitles an individual entity, organization, or business to borrow money and thereafter repay it. Once the borrower repays the outstanding amount, they can continue borrowing money without applying for a new loan whatsoever. Credit line does a huge favor to those experiencing monetary deficit and makes it possible for them to continue their business, or complete a project, or fulfill their personal needs….

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