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If you get reward points in the card, then ensure that you have redeemed all your points because with the closure of the card, all the reward points will also become useless.
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Now, NBFCs like Bajaj Finance have also been allowed to issue PPIs like National Common Mobility Cards for commuters.
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The volume and value of transactions undertaken using UPI have been seeing a steady growth in 2023. In June 2023, UPI registered 933.50 crore transactions worth Rs 14.75 lakh crore.
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The objective of creating ONDC is to create a unifying platform to put relatively small sellers in touch with buyers on this digital platform to put speed and eliminate cost in the entire process.
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While the potential benefits of CBDCs are compelling, the digital rupee is not without its challenges.
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The government has instructed all the banks that the newly issued card or the card to be renewed should have the facility of National Common Mobility Card
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RBI has changed the method of transactions made through cards. With tokenisation, card payments for online payments have become safer.
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Customers receive various benefits with these cards, such as fuel surcharge waivers, cashback, reward points, and co-branded benefits
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Most of the fraud in ATMs are done via Card Cloning. Under this, a thief creates another card by extracting your complete information and empties your account.
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These platforms let you invest in mutual funds, stocks, manage and balance your wealth portfolio, offer goal-based investment approach, etc
