FY24 — a year of deals in the BFSI space - The Hindu BusinessLine thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.
The State Bank of India (SBI) has recently allowed any bank customer to use its YONO app for United Payments Interface (UPI) payments. Simply put, you no longer need to have an SBI bank account to use UPI features on its YONO mobile app. ET Wealth has used the SBI YONO app with a non-SBI account to send money through UPI. Let see how it works
How India s HDFC Bank ascension to global top-five may stir competition in the sector thenationalnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thenationalnews.com Daily Mail and Mail on Sunday newspapers.
Banks usually issue credit cards to customers in association with card networks. If a customer has a credit card issued by the bank with its logo and the Visa logo on it, the bank is the credit card issuer and Visa is the credit card network.
“It is observed that arrangements existing between card networks and card issuers (banks and non-banks) are not conducive to the availability of choice for customers,” the RBI said. Some banks have been forcefully asking customers to accept particular card networks.