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In the year ended FY22, the company has an Indian market share of 95% of all the Indian issued credit and debit card access to airport lounges. [12] In the second quarter of FY23, the company recorded a profit of ₹ 14.78 crore (equivalent to ₹ 16 crore or US$1.8 million in 2023).
The transport card enables the user to pay for travel, toll tax, retail shopping and withdraw money. It is enabled through the RuPay card mechanism. [2] The NCMC card is issuable as a prepaid, debit, or credit RuPay card from partnered banks such as the State Bank of India, Canara Bank, Bank of India, Punjab National Bank, and others. [3]
Around 77.7 crore (777 million) Indian consumers shopped cross-border in 2021. To make payments easier, NPCI International Payments Limited (NIPL) signed a memorandum of understanding (MoU) with UK-based PPRO Financial on 17 November 2021 to expand the acceptance of RuPay in foreign markets, especially in China and United States, which account for half of all international transactions coming ...
Debit cards offer convenient access to your money. But there are some rules of thumbs for when your credit card may be better. Learn 5 places it's best to keep debit in your wallet.
A large part of the benefit is comprehensive worldwide travel insurance, but it also gives “Complimentary access to over 1,400 airport lounges across more than 140 countries worldwide” through ...
Card. Annual Fee. Features-Access to over 1,400 lounges in 140 countries, across seven lounge programs-Earn 125,000 Membership Rewards points when you spend $6,000 on purchases within 6 months of ...
On 4 April 2022, HDFC Ltd announced that it would merge with HDFC Bank, marking India's largest-ever M&A deal. [25] [26] As part of the merger, HDFC Ltd would transfer its home loan portfolio to HDFC Bank, while the bank offered depositors of HDFC Ltd the choice of either withdrawing their money or renewing their deposits with the bank at the interest rate that the bank was then offering.
The National Financial Switch was launched by the IDRBT on 27 August 2004, connecting the ATMs of three banks, Corporation Bank, Bank of Baroda and ICICI Bank. [3] [4] [5] The IDRBT then worked towards bringing all major banks in India on board and by December 2009, the network had grown to connect 49,880 ATMs of 37 banks, thereby emerging as the largest network of shared ATMs in the country.