Friday, November 27, 2020

Credit card requests cross pre-Covid levels in October

According to RBI data, there were 5.9 crore credit cards outstanding as of September 2020, up from 5.8 crore in March. In April, the number of outstanding credit cards had dipped to 5.7 crore as they were not getting replaced because of the lockdown.

from Tech-Economic Times https://ift.tt/3mcaj2Y
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MDR on UPI will hit businesses, not users: FM Nirmala Sitharaman hits back at Congress' Jairam Ramesh

Sitharaman accused the opposition leader of "spreading a canard" and clarified that MDR "applies only on the merchants and no...