hdfc-credit-cards

Total Debit and Credit Card Issued in India Reaches 520 Mn in 2014

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In continuing our tradition to source authentic data and present it to you, we have published the breakup of Debit Card and Credit Cards in circulation in India at the end of Dec 2014. It gives me immense pleasure to state that Total Debit & Credit Card Penetration in India has touched a whopping 520 Million / 52 Crore [1 Crore = 10 Mn] at the end of 2014, half the size of Indian population, still less than the 97 crore mobile connections India has.

The Following Chart Shows the

Read moreTotal Debit and Credit Card Issued in India Reaches 520 Mn in 2014

How to Enable / Disable International Spend Credit Limits on HDFC Cards

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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

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How A new Credit Card Fraud Using Telephone / IVR is Operating in India ?

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Credit Card Frauds in IndiaIt has come to our light that a New Kind of Credit Card Fraud Racket is operating in India using the Telephone and IVR [Interactive Voice Response] mechanism. How is this Credit Card Fraud Ring Operating ? A Reader shared his story with us.

A person called from Delhi from the Number +911204835500 named as Arthi and told that the call is from HDFC Bank Credit Card department. As I am a preferred customer of HDFC bank credit card, I will receive some discount cards with other benefits like cash discounts

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A Case of Appropriation of Money against HDFC Master Credit Card

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HDFC Credit Card Mis Appropriation of FundsA reader submits that all is not well when it comes to the business practices of HDFC Bank credit Card. Here is a Consumer Woe on the same.

I had tried to renew Reliance General Insurance Mediclaim Policy (New Policy Number 9202522825002493) online on 6th December 2012 whose renewal was due on 7th December 2012. The amount was debited to HDFC Bank Master Credit Card ending with 6281 but the transaction with the merchant failed and no policy was issued. I immediately disputed the same with HDFC Bank and to reverse the amount. Meanwhile Reliance General Insurance using the information from the Bank

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HDFC Credit Cards Roll-Out “One Time Password” for Online Transactions

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HDFC Cards OTP-1India’s Largest Credit Card issuer, HDFC Credit Cards today informed us that they have rolled out One Time Password [OTP] authentication for Online Transactions. Consumers now have a choice to use either MasterCard SecureCode / Verified by Visa OR One Time Password which will be sent to the customers registered e-mail id as well as mobile phone.

As soon as we received the call, we decided to test it out by paying Reliance Communications bill online. As shown in the image above, you are provided a choice.

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Which Banks in India Lead the Credit Card Portfolio ?

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icici hdfc credit cardsIn our previous article we presented that Credit Cards is the Next Big Product for Banks contributing to Banks Bottom-line in the Wealth Management Segment. Today we’d like to analyze on the basis of Data which Banks are Leading the Credit Cards Business Segment in India.

HDFC Bank, SBI and ICICI Bank seem set to lead this business. The share from this business is likely to be most significant to HDFC Bank (over 15% of fee income) given its high market share in credit card transactions or volumes. For most other banks, the share of this business is relatively lower at less than 10% of

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