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Tag: credit

Paytm launches credit card in partnership with Citigroup

Paytm launches credit card in partnership with Citigroup

Finance
MUMBAI: India's top digital payments firm Paytm on Tuesday launched a credit card with Citigroup, widening its financial product base while giving its banking partner an opportunity to vastly expand its credit card customer base in the country. The new card should help Paytm stay a step ahead of rivals in the fiercely competitive digital payments market in India where companies from Alphabet Inc-owned Google to Walmart-owned PhonePe, are all scrambling to grab a piece of the digital payments pie that is projected to grow to $ 500 billion by 2020, according to the Boston Consulting Group. For Citi, it is a big opportunity to extend its retail presence in India. Even if only 1% of Paytm's over 300 million customers use the new credit card, that's a huge number, Stephen Bird, Chief Executive,...
Stars help Apple announce streaming service and credit card

Stars help Apple announce streaming service and credit card

Technology
By Ajay Nair, news reporter A whole host of Hollywood A-listers - including Oprah Winfrey, Jennifer Aniston and Steven Spielberg - joined Apple chief executive Tim Cook to announce the tech giant's new video streaming service.Apple TV + will feature original content to rival the likes of the high-budget productions found exclusively on Netflix and Amazon Prime. Speaking at the launch in California, Mr Cook said Apple had partnered with "creative visionaries" for the new service, which saw Apple shares fall by almost 2% and Netflix shares rise as it was unveiled on Monday.Among the latest announcements were an Apple credit card called Apple Card, Apple News + featuring magazines, and a gaming subscription service called Apple Arcade. ...
86 million Americans fear maxing out a credit card: Report

86 million Americans fear maxing out a credit card: Report

Finance
Despite the dangers of high-interest loans, more consumers are testing the limits of plastic. To that point, more than 1 in 3 people —or 86 million Americans — said they're afraid they'll max out their credit card when making a large purchase, according to a new WalletHub credit cards survey. (Most of those polled considered a large purchase as anything over $ 100.) "Maxing out your card essentially means you are over-utilizing your credit," said Jill Gonzalez, an analyst at WalletHub. "You are not going to be able to pay that off in a tim...
Rent-to-own cap to limit product and credit costs

Rent-to-own cap to limit product and credit costs

Business
The City watchdog says a planned cap on rent-to-own charges will place limits on the cost of the product and accompanying credit. The Financial Conduct Authority (FCA) said the crackdown, first reported by Sky News on Wednesday evening and similar in nature to that imposed on the payday lending sector, would be applied from April.Its proposals, if enacted following a consultation, would collectively save consumers - many of them the most financially vulnerable in the UK - almost £23m annually, the regulator said.The rules would mean credit charges not exceeding the cost of the product. Image: The cap will cover the amounts that can be charged for household appliances bought on credit To help ensure prices are fair...
Your child could be running up your credit card bill. You can fix that

Your child could be running up your credit card bill. You can fix that

Finance
If you have children, you may let them play with your tablet or smart phone. But letting them do so could cost you. A new survey from CompareCards found that 29 percent of parents have had their children under age 18 use their credit or debit cards without their permission. Those purchases could be prompted by a seemingly innocent activity: your child's activity on a mobile device. If they click and enter a password, a new app, video game or other feature is theirs — but the bill is all yours. "A lot of parents can get in trouble because their k...