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Investor Prosus NV said on Monday a $4.7 billion deal to buy BillDesk, which would have been one of the largest in India's financial technology sector, was "terminated", saying conditions of the ...
An October 2024 Credit Access Survey by the Federal Reserve Bank of New York revealed that the rate of credit card applications increased by 28.6% in 2024, with a rejection rate of 22.2%.
The biggest acquisition deal in India’s digital payments sector has been called off, apparently over its $4.7 billion valuation. Why Prosus terminated a $4.7 billion fintech takeover deal in ...
BillDesk was founded by Indian entrepreneurs M.N. Srinivasu, Ajay Kaushal and Karthik Ganapathy in 2000. [7] The three previously worked at American accounting firm Arthur Andersen LLP. [ 8 ]
The $130 billion year-over-year increase in credit card debt, also the highest annual gain on record per the New York Fed, came as interest rates on credit cards also hit new highs.
In a credit card or debit card account, a dispute is a situation in which a customer questions the validity of a transaction that was registered to the account.. Customers dispute charges for a variety of reasons, including unauthorized charges, excessive charges, failure by the merchant to deliver merchandise, defective merchandise, dissatisfaction with the product(s) or service(s) received ...
Out of this 75%, 98% come from the RTGS (large-value payments) whereas a meager 2% come from retail payments. This means consumers have not yet accepted this as a regular means of paying their bills and still prefer conventional methods. Retail payments if made via electronic modes are done by ECS (debit and credit), EFT and card payments. [2]
Late payments will be reported to credit bureaus: Defaulting on a loan can result in negative marks on your credit report and score. This, in turn, will drag down your score for up to seven years.