PAYMENT CARDS ANALYTICS
A new weapon against online payment frauds: Timely alerts on transactions via UPI, debit card, credit card, Net and mobile banking
Fraud transactions: Banks like Standard Chartered Bank, HDFC Bank, ICICI Bank, and others have implemented a fraud protection measure wherein the bank will call you for transaction confirmation if it feels that these transactions are fraudulent. However if you give the confirmation, the transaction will go through. Know here how it works.
Consumer spending peaks in non-metro Indian cities: Visa
Visa, a global digital payments provider, revealed on Thursday that non-metro cities in India such as Dharamshala, Mullanpur, and Vishakapatnam are emerging as the biggest daily spenders. This insight comes from Visa Consulting and Analytics' consumer spending trends for the 2024 summer cricket season. Notably, there has been an overall increase in online transactions across all segments, with food and grocery delivery apps showing a 23% surge in usage.
A report shows, India's non-cash payments on ecommerce platforms surge to 58.1% from 20.4% six years ago
India has seen the fastest jump in alternative payment share for ecommerce payments in the Asia Pacific region from 20.4% in 2018 to 58.1% in 2023 says a report by GlobalData, a data and analytics company. The report showed that such alternative payments are already popular in countries like China and India and are gaining traction in other APAC markets.
New PoS deployment grows at slowest pace since demonetisation: RBI data
Industry insiders told us that while new PoS terminals are still being deployed, it’s mostly in organised and large format retail, which offer all payment forms. However, grocery shops, smaller stores and eateries are tilting towards QR code-based UPI transactions.
Paytm market cap nears $2.5 billion; state-run banks turn to GenAI
Paytm’s market capitalisation is down to nearly $2.5 billion after a ninth straight session of declines on the BSE.
Your preference for digital is leaving banks with a bigger bill
As more and more people in India take to paying digitally, banks are having to pick up a larger tab on account of rising costs of maintaining a competent IT system.
From kid gloves to sucker punch: What recent RBI crackdowns on JM Financial, IIFL and Paytm Payments Bank show
The Reserve Bank of India (RBI) has been increasingly imposing penalties on banks and non-banking finance companies for violating its rules. The move from a consultative approach to monetary policy and forming regulations has led to a paradigm shift in its approach to addressing regulatory breaches. The RBI has ordered Paytm Payments Bank to shut down its business for not complying with rules regarding know your customer (KYC) and prevention of money laundering, eroding its market value by nearly half in a matter of days.
India Stack will be transformative for Indian credit ecosystem: William Lansing, Global CEO, Fico
"In India, due to the government's management of infrastructure, we'll quickly understand consumer behaviours that took other countries decades to grasp. This positions us to rapidly grow the consumer credit segment of the Indian economy."
M2P Fintech acquires Goals101 in a cash-and-equity deal worth Rs 250 crore
The equity-plus-cash deal is worth Rs 250 crore, or $30 million, people aware of the negotiations told ET.
Indians still prefer to use cards during international travel: report
The survey also found that around 10-12% of the respondents still use currency exchange, which means while using their cards they use cash too.
These largecaps have ‘strong buy’ & ‘buy’ recos with upside potential of over 20%
In volatile markets, where there is a readjustment in valuation across midcap space, it is only a matter of time that the concept of relative valuation will come into play and large caps will get more attention from the market. Stocks from different sectors are making to the list, this week, stocks from Oil refining and marketing, private banks, insurance, auto ancillary and fertilizer space. ET screener powered by Refinitiv’s Stock Report Plus lists down quality stocks with high upside potential over the next 12 months, having an average recommendation rating of “buy” or "strong buy". The screener applies different algorithms for all BSE and NSE stocks.
How to get a credit card without income proof
Is it possible to get a credit card if you are not employed — what if you are, say, a student, a retired person or a homemaker? Proof of income is not the only way to understand the repayment capability of a credit card applicant. Banks have multiple ways to check the credibility of a customer who does not have salary-account statements or payslips. Find out how you can get a credit card without income proof.
India card payments market to surpass $728 billion in 2027, forecasts GlobalData
GlobalData’s Payment Cards Analytics reveals that card payments value in India registered a strong growth of 26.2% in 2022, supported by the improving economic conditions. This trend is expected to continue in 2023 and set to grow by 28.6% to reach $337.2 billion in 2023.
Q1 results this week: Tata Steel, L&T, Axis Bank, Bajaj Finance, Tech Mahindra, Tata Motors, and others
Larsen & Toubro (L&T), Asian Paints, Tata Motors, Bajaj Auto, SBI Life Insurance Company, Jubilant FoodWorks, KPIT Technologies, Dixon Technologies, Suzlon Energy, among others will report Q1 results on July 25
SBI Cards & Payment is on growth path: 4 reasons analysts are bullish on the stock
The company will benefit from India’s underpenetrated credit card market, growing e-commerce market, India’s young population and higher consumption.
Mastercard seeks to expand crypto card tie-ups
Mastercard has already partnered with crypto exchanges including Binance, Nexo and Gemini to offer crypto-linked payment cards in some countries.
PEG Ratio: Difficult to find, but worth the effort when looking for long-term investing
Given the huge difference in what is value and what looks cheap due to one financial ratio, more often than not, relying on PE may lead to wrong investment decisions. It is better to use PEG ratio when looking for long term investment.
Hindustan Zinc, SBI Cards among 8 stocks to trade ex-dividend this week
Brand Concepts declared an interim dividend of Rs 0.50 per equity share of the face value of Rs 10. Shares of Brand Concepts declined 2.5% to Rs 213.3 apiece in Friday's trade on BSE. The firm has a market capitalization of Rs 226 crore
Large cap stocks with ‘Strong Buy’ and ‘Buy’ recos and upside potential of more than 25%
In an already volatile market, bears are getting help every day by unfolding global events. However there are few large cap stocks which are finding favor with analysts. ET screener powered by Refinitiv’s Stock Report Plus lists down quality stocks with high upside potential over the next 12 months, having an average recommendation rating of “buy” or "strong buy". The screener applies different algorithms for all BSE and NSE stocks. This predefined screener is only available to ET Prime users.
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