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

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 […]

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

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 […]

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

It 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 […]

A Case of Appropriation of Money against HDFC Master Credit Card

A 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. […]

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

India’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 […]

Which Banks in India Lead the Credit Card Portfolio ?

In 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 […]