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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 […]

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

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

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

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