The recent HDFC and Axis Bank unilateral move to charge Rs.150 extra for every fifth transaction in a month whether by ATM or branch has evoked severe criticism while ICICI has long been doing it stealthily. How the private banks can do it? They know how to evade the RBI rules and ask RBI many times as who should be ...
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New SIM Card Swap Fraud Detected, Banks on High Alert
All banks have sent an urgent e-mail to their clients alerting them about a new SIM card swap fraud that has been detected of late as many have already fallen victim to the new tactic. Warning thier customers, HDFC Bank, among others, has sent such message that says “Under SIM Swap fraud, fraudsters manage to get a new SIM card ...
Read More »HDFC’s PayZapp, India’s First Apple Pay Feature, Enters Mobile Payments
India’s largest private bank, HDFC Bank, has released its one-click payment platform called PayZapp, which is expected to be positioned as an all-in-one mobile payments platform as part of HDFC’s ‘GoDigital’ strategy. Though PayZapp sounds like just another of the mobile payment app seen in the last two years providing numerous mobile payment solutions and, with the exception of M-PESA, ...
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