shashankverma
TF Buzz
Read this article today and I am confused about the future of 1% cashback through HDFC platinum debit card.
Have a look here and provide your feedback https://www.informalnewz.com/credit...uly-1-will-be-difficult-rbi-has-issued-rules/
Credit Card Bill Payment rules: If you are a credit card user, you may get a shock. From July 1, there may be difficulty in credit card bill payment through some platforms. CRED, PhonePe, BillDesk are some of the major fintechs that may be affected by the new rules of RBI. The central bank has directed that after June 30, all credit card payments should be processed through Bharat Bill Payment System i.e. BBPS.
According to the report of Economic Times, HDFC Bank, which has issued 2 crore credit cards so far, ICICI Bank, which has issued 1.7 crore credit cards and Axis Bank, which has issued 1.4 crore credit cards, have not activated BBPS. These banks have not yet followed the instructions. Fintechs like CRED and PhonePe, which are already members of BBPS, will also not be able to process payments on credit card dues for them after June 30.
Have a look here and provide your feedback https://www.informalnewz.com/credit...uly-1-will-be-difficult-rbi-has-issued-rules/
Credit Card Bill Payment rules: If you are a credit card user, you may get a shock. From July 1, there may be difficulty in credit card bill payment through some platforms. CRED, PhonePe, BillDesk are some of the major fintechs that may be affected by the new rules of RBI. The central bank has directed that after June 30, all credit card payments should be processed through Bharat Bill Payment System i.e. BBPS.
According to the report of Economic Times, HDFC Bank, which has issued 2 crore credit cards so far, ICICI Bank, which has issued 1.7 crore credit cards and Axis Bank, which has issued 1.4 crore credit cards, have not activated BBPS. These banks have not yet followed the instructions. Fintechs like CRED and PhonePe, which are already members of BBPS, will also not be able to process payments on credit card dues for them after June 30.
