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New Delhi: The Insurance Regulatory Development Authority of India (Irdai) in a circular issued on Thursday asked life insurers to cease accepting loan repayments against insurance policies made via credit cards. The decision is effective immediately and applies to all life insurers. There are instances where policy loans are repaid using credit cards and the …

Stop Accepting Loan Repayments Against Insurance Policies Via Credit Read More »

The Insurance Regulatory Development Authority of India (IRDAI) has asked insurers to stop the facility of repayment of loans taken against insurance policies using credit cards as a mode of payment. Accordingly, policyholders will not be able to use credit card now as a mode of re-payment of loans granted against insurance policies. Notably, the …

Now, you cannot repay loan taken against insurance policy using credit card Read More »

Right after the RBI approved the ‘Credit on UPI’ system through RuPay credit cards, the global card transaction company Visa, has launched a feature that will allow users to make online payments without the CVV number. However, this feature is applicable in India only for domestic transactions, and the CVV will be asked only while …

Visa Launches CVV-Free Payment Feature For Tokenised Transactions Read More »

The Financial Year 2023-24 has commenced with many changes introduced in personal taxation, investments, etc following the Union Budget 2023. May has also brought many financial rules and regulations into effect. Some key financial changes have also been introduced by the State Bank of India Credit Cards and Payment Services. SBI has made some revisions …

State Bank of India Revises Rules For Cashback Services On Credit card Read More »

Credit card platform Kiwi has raised $6 million in pre-Seed funding round from Nexus Venture Partners, Stellaris Venture Partners, and angel investors. The startup has also launched its all-in-one “Credit on UPI,” which will help customers make payments using either a credit card or bank account directly through their phones. With this launch, the startup …

Credit Card Platform Kiwi Raises $6m In Pre-Seed Round Led By Nexus, Stellaris Read More »