Credit Line on UPI: A New Opportunity for Issuer Banks
The Unified Payments Interface (UPI) has transformed India’s digital payments landscape, and the introduction of Credit Line on UPI brings an exciting opportunity for banks to offer credit directly through UPI apps. This feature allows customers to access pre-approved credit seamlessly for their transactions. As per the Reserve Bank of India (RBI) guidelines, only Scheduled […]
The Future of Credit Card Transactions in India: Embracing the Contactless Revolution
As India advances in its digital transformation journey, the payments landscape is rapidly evolving. Over the past decade, driven by smartphones and government initiatives like Digital India, the financial ecosystem has seen significant shifts. One of the most notable changes is the increasing adoption of contactless payments, especially in credit card transactions. Unified Payments Interface […]
Data Privacy in Fintech: Balancing Innovation with Consumer Protection in the Indian Market
In a world that has moved to the internet and the mobile, data privacy is paramount. This is more evident in financial services. As India embraces digital financial services, the volume of sensitive consumer data has soared. Protecting this data is essential not only for regulatory compliance but also for building and maintaining consumer trust. […]
Revolutionising Credit Offerings Through Credit Line on UPI
UPI has emerged as India’s preferred payment method, constituting >75%* of the nation’s digital payment by volume. So far, UPI transactions were supported by various funding accounts like savings accounts, overdraft accounts, prepaid wallets, and Rupay Credit Cards. Now, a new addition has entered the UPI ecosystem. Effective April 6th, 2023, the RBI has […]
Design Thinking in Credit Card Stack Development: Creating User-Centric Experiences
In today’s rapidly evolving financial landscape, where customer expectations are continually shifting, developing credit card stacks requires a strategic approach that places users at the center. Design thinking emerges as a powerful methodology for crafting credit card solutions that not only meet but exceed user expectations. Let’s explore how design thinking principles can be applied […]
Enhancing Security and Transparency: A Comprehensive Guide to Issuer-Led Tokenization
In today’s digital era, the security of financial transactions is of utmost importance. With the rising prevalence of cyber threats and data breaches, it’s crucial for financial institutions to adopt robust security measures to protect sensitive card information. One such innovative solution gaining traction is issuer-led tokenization. Let’s explore what issuer-led tokenization is, how it […]
