Indian Credit Card users witnessed massive Skimming Fraud with their Card being present in their own wallet purchases were made in Spain, South America etc. We wrote to the RBI to curb this menace. The Consumer Friendly and Pr-Active institution – Reserve Bank of India mandated that each and every Credit Card issuer give a liberty to the Customer to either Enable or Disable International Spending. Further, if International Spending is enabled, the Consumer must have a choice to set his own Credit Limit.
HDFC Bank Ltd, India’s Largest Credit Card Issuer put its IT department on an emergency work and was able to give a choice to its Customers [Enable / Disable International Spending]. Today we’ll walk you