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News on Medial
Locked out of lounge services? Adani-operated airports now accepts all major debit and credit cards | Mint
Livemint
·
10m ago
Medial
Dreamfolks Services, a lounge access provider, unexpectedly suspended its lounge operation services at airports across India, causing disruptions for passengers. Adani Airport Holdings Ltd (AAHL) has now announced that as a temporary alternative, its lounges at Adani-operated airports will accept major debit and credit cards from other access providers. Despite efforts to restore the lounge services through Dreamfolks, the issue has not been resolved yet. Adani-owned airports affected by this disruption include Mumbai, Ahmedabad, Lucknow, Mangaluru, Jaipur, Guwahati, and Thiruvananthapuram. AAHL is actively working to minimize inconvenience to passengers and restore normal operations swiftly.
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Related News
5 best debit cards designed to fetch you the travel benefits
Money Control
·
1y ago
Medial
India's digital payments ecosystem has experienced significant growth, with digital transaction volume increasing at a compound annual growth rate of 45 percent. When comparing credit cards and debit cards, credit cards are often seen as having more offers and benefits. However, the market now offers debit cards with convenient features and attractive benefits. Here are five such debit cards recommended by Mastercard, which offer advantages like travel benefits, hotel memberships, complimentary lounge access, dining discounts, and low forex markup fees. These debit cards are designed to elevate the travel and luxury experience of customers.
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Adani’s Super App Push: Adani One Launches Co-Branded Credit Cards With ICICI Bank
Inc42
·
1y ago
Medial
Adani Group has partnered with ICICI Bank to launch two credit cards - Adani One ICICI Bank Signature Credit Card and Adani One ICICI Bank Platinum Credit Card, with annual fees of INR 5,000 and INR 750 respectively. The cards will provide up to 7% Adani Reward Points on spending within the Adani Group consumer ecosystem, including Adani One app, Adani CNG pumps, and Adani-managed airports. Adani One recorded an annual gross merchandise value of INR 750 Cr in FY24, with 30 million users.
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Aditya Birla Capital Digital launches Payment Lounge. Details here
Livemint
·
1y ago
Medial
Aditya Birla Capital has launched the "Payment Lounge," a digital payment platform for businesses in India. The platform offers a seamless front-end experience and smart routing capabilities for merchants, enabling a hassle-free checkout process across various channels, including in-store, online, and doorstep delivery. It supports multiple payment modes, including UPI, debit and credit cards, QR code scans, buy-now-pay-later, wallets, and link-based payments. The Payment Lounge is built on PhiCommerce's omnichannel payment platform, PayPhi, which caters to businesses' diverse payment needs across both online and offline channels.
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20 UPI Rupay credit cards to earn cashback, rewards, airport lounge access from everyday payments - The Economic Times
Economic Times
·
27d ago
Medial
Several banks offer UPI RuPay credit cards that combine the convenience of UPI payments with credit card rewards. These cards provide benefits like cashback, reward points, and airport lounge access. Users can link these cards to UPI apps easily. The article details various options, such as Axis Fibe and IndusInd Platinum, highlighting different reward structures and fees. UPI RuPay credit cards enhance everyday transactions by earning users rewards for using UPI payments.
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Travelling abroad? Here are 3 zero-forex credit cards you can get for free | Mint
Livemint
·
11m ago
Medial
International travel often comes with the burden of forex markups, which lead to additional costs on transactions. However, savvy credit card users can minimize these fees by utilizing cards that offer no forex charges and maximizing rewards to offset any fees paid. Some recommended options include the IDFC Wow, Federal Bank Scapia, and RBL World Safari cards. These cards eliminate forex fees, offer various benefits such as travel insurance and lounge access, and provide attractive reward rates on travel and purchases for cardholders.
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Paytm launches NFC soundbox that doubles up as card payment machine
Economic Times
·
1y ago
Medial
One97 Communications, the company behind Paytm, has introduced a card soundbox that also functions as a payment device. This innovative technology enables small shops to easily and affordably accept various types of payments, including credit or debit cards and UPI. With the Paytm NFC Card Soundbox, merchants can receive mobile payments from any UPI app and accept NFC-based debit and credit cards, simplifying the payment process for both customers and businesses. This advancement aims to empower offline merchants across the nation with inclusive payment acceptance capabilities.
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Federal Bank, South Indian Bank announce measures on co-branded credit cards
Money Control
·
1y ago
Medial
Federal Bank and South Indian Bank have announced measures regarding their co-branded credit cards in response to regulatory guidance from the Reserve Bank of India (RBI). Federal Bank has stopped issuing new co-branded credit cards and is rectifying deficiencies before resuming issuance. Both banks will continue to service existing customers with co-branded credit cards. The RBI recently amended its master directions on credit and debit cards, requiring card issuers to monitor the end use of funds and safeguard customer data. The RBI also stated that card issuers should not be restricted from using services from multiple networks.
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GST Council May Impose 18% GST On PAs For Small Payments
Inc42
·
11m ago
Medial
The proposal to impose an 18% GST on payment aggregators for processing transactions up to INR 2,000 made via debit and credit cards is being considered by the Council. The fitment panel argues that payment aggregators should be treated as intermediaries and not banks. This proposal comes after the waiver of service tax on debit and credit card transactions under INR 2,000 to encourage digital payments following demonetization.
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Adani Enterprises to invest ₹80,000 crore in current fiscal
Livemint
·
1y ago
Medial
Adani Enterprises plans to spend ₹80,000 crore in the current fiscal year across various businesses, with a major portion allocated to new energy and airports. The company aims to invest ₹50,000 crore in Adani New Industries Ltd and airports, ₹12,000 crore in roads, ₹10,000 crore in PVC business, and ₹5,000 crore in data centers. Adani New Industries Ltd aims to produce 10 GW of solar modules and 3 GW of wind turbines. They also plan to enter the green hydrogen business and achieve 45 GW of renewable power by 2030. Adani Enterprises operates seven airports and is building a new airport in Navi Mumbai.
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Fintech startup BharatPe launches BharatPe Swipe Android for merchants
IndianStartupNews
·
1y ago
Medial
BharatPe today announced the launch of its new Android Point of Sale (POS) terminal 'BharatPe Swipe Android', a device that offers multiple modes for digital payment acceptance, including debit/credit cards, UPI, mobile wallets and QR code.
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