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The number of digital transactions frauds under the category 'Card/Internet - ATM/Debit Cards, Credit Cards and Internet Banking' as per the occurrence of frauds has declined from 70,283 in 2020-21 to 58,111 in 2021-22.In a written reply to a ...
Digital payment transactions have significantly increased in India, with contactless payment becoming popular due to the COVID-19 pandemic.
3-MIN READ Explained: Your Credit Card Now Becomes Even More Powerful For Contactless Payments Credit cards issued by all banks in India offer the contactless payments feature, and this is applicable for all types including Mastercard, Visa and American Express credit cards. (Image for representation) You can now utilize the contactless payment method for your credit card payments and not have to enter a transaction PIN for purchases up to Rs 5,000 at stores. Cards issued by banks in India offer contactless payments feature, and is applicable for Mastercard, Visa and American Express credit c...
»Digital Payments Got A Big Push In India This Year And That Included UPI And Credit Cards 6-MIN READ Digital Payments Got A Big Push In India This Year And That Included UPI And Credit Cards The UPI, or unified payments interface, transactions have been consistently growing month on month. Credit card transactions have also seen a spike in the past few months. The credit cards business also saw a renewed push, with banks and digital platforms investing heavily in the co-branded cards space. Last Updated:December 31, 2020, 09:30 IST FOLLOW US ON: The year 2020, because of the circumstances a...