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Yes Bank launches Rupay credit card on UPI - Times of India https://timesofindia.indiatimes.com/business/india-business/yes-bank-l...

Yes Bank launches Rupay credit card on UPI

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NEWS / BUSINESS NEWS / INDIA BUSINESS NEWS / Yes Bank Launches Rupay Credit Card On UPI WI
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Yes Bank launches Rupay


credit card on UPI

ALSO WATCHED VIRAL VIDEOS

IIT Delhi's Project Mumbai: Yes Bank has launched UPI payments through
Management Certificate
course: Your gateway to a…
RuPay Credit Cards by integrating its card platform with the
fast payment network.

Customers can link their Yes Bank RuPay Credit Card with
popular UPI-enabled apps like BHIM, PhonePe, Paytm,
Google Pay, Slice, MobiKwik, PayZapp, and others. Once
India's UPI payment
Bank of Baroda to offer
fixed rate car loans linked to UPI, customers can make credit card payments in mechanism will now be used
small stores with QR codes even if they do not have a point-
RBI, Central Bank of UAE sign
of-sale terminal. MoUs to promote use of local

Customers can enjoy the ‘credit-free’ period feature,


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previously limited to POS/eCom-based transactions. Existing
Hitachi Payments to Yes Bank credit card holders can also convert to a Rupay
acquire Writer’s cash
management business card and link it to their UPI app.
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“Today, Yes Bank powers nearly 40% of all the UPI merchant
transactions in the country. Given our digital prowess, over
the years, we have built capabilities that can power digital
transactions at scale, thereby impacting the lives of millions
of customers,” said Rajan Pental, executive director of Yes
Bank.

Praveena Rai, Chief Operating Officer of National Payments


Corporation of India (NPCI), said, “As the demand for credit
cards continues to rise in the country, RuPay Credit Card on
UPI is changing the perception of credit consumption and TRENDING STORIES
has the potential to deepen credit penetration, particularly
in semi-urban and rural areas”. IN BUSINESS ENTIRE WEBSITE

IRCTC website down due to technical


Yes Bank is the latest issuer to facilitate credit card on UPI. glitch
Several other banks have announced this facility ever since Adani to sell fin services biz to US
NPCI facilitated this earlier this year. Merchants do not lose investment firm Bain Capital

out on accepting credit card payments as Rupay credit cards Error free tax return, refund,
e-verification: Important to-dos for ITR…
do not attract merchant fees on low value transaction.
Reliance spin-off Jio Financial's share
According to bankers, Rupay credit cards market share is price set at Rs 261.85 per share, above…

expected to improve significantly because of this initiative. How to check Utkarsh Small Finance
Bank IPO allotment status: Here step-b…

RBI has asked banks to give customer the choice of


merchant network (Visa, MasterCard or Rupay) while
O T H E R C A L C U L AT O R S
applying for a card. With UPI becoming a feature only for
Rupay, many customers are expected to ask for Rupay cards.

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IIT Delhi's Project Management Certificate IND


114
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project management 13/0


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SPOTLIGHT / Updated: Jul 24, 2023, 13:05 IST SHARE AA FOLLOW US Full Scorecard

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Yes Bank launches Rupay


credit card on UPI

IIT Delhi's Project There is a wide gap between the demand for project
Management Certificate
course: Your gateway to a…
management skills and the availability of talent. The global
economy needs 25 million new project professionals by 2030,

according to the Project Management Institute, 20221. This


means that not only are organisations focussing keenly on
hiring top talent but professionals, too, are queuing up to

1 of 4 27-07-2023, 21:44
Yes Bank launches Rupay credit card on UPI - Times of India https://timesofindia.indiatimes.com/business/india-business/yes-bank-l...

Bank of Baroda to offer


acquire the right skills that can help them bring strategic
fixed rate car loans
value and results.
Yes Bank launches Rupay credit card on UPI

However, the right programme that can help professionals


close this skill gap can be hard to find. IIT Delhi’s Certificate
Programme in Project Management not only has its finger
Hitachi Payments to
acquire Writer’s cash
on the pulse of the project management industry but can
management business also help aspiring and current project professionals amass a
comprehensive understanding of project management
concepts and their applications.

From gaining the ability to spearhead projects by building a


strong business case to drawing out the project scope and
effectively mitigating potential risks, this programme can
help professionals like you develop superior strategies to
succeed in the project manager role. Additionally, this
6-month programme’s mix of lectures, data-based tutorials,
and case discussions will help you grasp key themes and
concepts of project management from initiating, planning,
executing, monitoring, controlling, and closing.

What is unique about this programme?

From project initiation to closing, this programme will


introduce you to the tools and techniques used for
comprehensive project management. You will develop
robust planning abilities and the capacity to set clear goals
and realistic objectives and achieve them with a single- ADVERTISEMENT

minded determination.

Organised into 23 modules like project communication


management, software project management and adaptive
& Agile project management, this programme is taught
through live online sessions, immersive pedagogy, peer-to-
peer learning, real-world business applications, and industry
case studies. You will benefit from a distinctive and
exhaustive curriculum which incorporates all aspects of
project management, from initiating, planning, executing,
monitoring, controlling, and closing. Highly impactful and
TRENDING STORIES
engaging, this programme has been rated a 4.6/5 by over
500 participants and will ensure that you: IN BUSINESS ENTIRE WEBSITE

Understand the project management trajectory from IRCTC website down due to technical
glitch
defining the project scope to closure.
Adani to sell fin services biz to US
Leverage project management to increase profits and investment firm Bain Capital

acquire a sustainable competitive advantage. Error free tax return, refund,


e-verification: Important to-dos for ITR…
Apply globally recognised project management frameworks
Reliance spin-off Jio Financial's share
for real-world problems. price set at Rs 261.85 per share, above…
Learn to apply risk analysis techniques and monitor projects How to check Utkarsh Small Finance
Bank IPO allotment status: Here step-b…
on schedule & cost.
Understand Six Sigma, quality management and Agile
project management and apply them in an organisational O T H E R C A L C U L AT O R S
context.

Who should choose this programme?

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As business growth across domains hinges on effective


project management, businesses are putting their power
behind professionals with versatile skill sets who can
manage change and achieve project goals on time and
within budgets. As a result, this programme will be valuable
to a range of professionals across sectors and hierarchies,
such as:

Recent Graduates and early professionals who are working


0
or aspire to work in project management roles.
Managers without any formal qualification in project
management who would like to learn and gain state-of-the-
art project management and scheduling skills.
Professionals across industries who want to deepen their
competence through advanced project management tools
and techniques.
Consultants who want to absorb the latest project
management tools and techniques to suggest pioneering
project management solutions to their clients and master ADVERTISEMENT

the art of delivering projects on time.


Entrepreneurs and investors who would like to allocate
resources efficiently, identify profitable opportunities and
rehash their existing business processes using project
management principles.

As effective project management often stands between an


organisation that is successful and innovative and an
organisation that is not, professionals keen to advance their
career in project management must distinguish themselves
by knowing how to correctly forecast project time, costs, and
resources. They must also be adept at using digital
technology to increase the frequency and occurrence of
projects and be able to improve project management
outcomes. In response to this growing demand, IIT Delhi’s
Certificate Programme in Project Management offers
unparalleled training in project management concepts and
principles, which will help you deliver projects with a precise
focus on time, budget, and quality.

Enrol to gain world-class insights about the best practices in


Project Management and acquire winning techniques to
effectively manage projects.

The technical orientation will be held on September 30, 2023.

About IIT Delhi

The Indian Institute of Technology Delhi (IIT Delhi) is one of


the 5 initial IITs established for training, research and
development in science, engineering and technology in
India. Established as the College of Engineering in 1961, the
Institute was later declared an Institution of National
Importance under the ‘Institutes of Technology
(Amendment) Act, 1963’ and was renamed as ‘Indian
Institute of Technology Delhi’. It was then accorded the
status of a Deemed University with powers to decide its own
academic policy, conduct its own examinations, and award
its own degrees. Since its inception, over 48,000 students
have graduated from IIT Delhi in various disciplines,
including Engineering, Physical Sciences, Management and
Humanities & Social Sciences. For more details, please visit:
www.iitd.ac.in

Source:

1. https://www.pmi.org/learning/careers/talent-gap-2021

Disclaimer: This article has been produced on behalf of


Erulearning by Times Internet’s Spotlight team.

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Yes Bank launches Rupay credit card on UPI - Times of India https://timesofindia.indiatimes.com/business/india-business/yes-bank-l...

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Bank of Baroda to offer fixed rate car loans IND


114
Yes Bank launches Rupay credit card on UPI
23.0 ov
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Full Scorecard

Yes Bank launches Rupay


credit card on UPI

IIT Delhi's Project Mumbai: Bank of Baroda will now offer customers the option
Management Certificate
course: Your gateway to a…
of a fixed-rate car loan and the existing floating rate of
interest on Baroda Car Loans.

The fixed interest rate will be linked to the bank’s one-year


marginal cost of lending rate (MCLR) and will apply to
purchasing new cars, including electric vehicles. Once
Bank of Baroda to offer
fixed rate car loans disbursed, the interest rate, based on the borrower’s credit
profile, will remain unchanged throughout the loan tenure.

The fixed rate for car loans starts at 8.7% p.a . However, for
electric vehicles there is a discount and the fixed rate of
interest begins at 8.65%. This is lower than the floating
Hitachi Payments to interest rate for Baroda Car Loans which begins at 8.85% p.a
acquire Writer’s cash
management business
Another advantage for borrowers is that the interest is
calculated on a daily reducing balance rather than the
common monthly reducing balance method.
ADVERTISEMENT

“A fixed rate of interest that will remain unchanged across


the loan duration will eliminate the impact brought about
by the fluctuation in the interest rate. Adding a fixed rate of
interest option makes Baroda Car Loans even more
competitive and attractive,” said Harshadkumar T Solanki,
general manager of Bank of Baroda.

Borrowers can apply for a loan digitally on the bank’s


website or through its mobile app – bob World, or by visiting
the nearest bank branch.

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Hitachi Payments to acquire Writer’s cash IND


114
management business 23.0 ov

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2.0 ov
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Full Scorecard

YOU'RE READING

Yes Bank launches Rupay


credit card on UPI

IIT Delhi's Project Mumbai: Hitachi Payment Services has agreed to buy the
Management Certificate
course: Your gateway to a…
cash management business of Writer Corporation, a multi-
business enterprise.

Writer Safeguard, the cash management arm of the Writer


group, has been managing cash logistics for banks and
businesses. The firm replenishes ATM cash and offers retail
Bank of Baroda to offer
fixed rate car loans cash pick-up services to corporate clients across India. The
company has around 40,000 touchpoints, comprising ATMs
and retail outlets spread across 25 states that it services with
10,000 employees, including security personnel.

With this strategic acquisition, Hitachi Payments will


Hitachi Payments to become a one-stop payments and commerce solutions
acquire Writer’s cash
management business provider. This transformation will enable Hitachi Payments
to expand its ATM services to financial institutions while
complementing its digital offerings on the merchant side.

“By providing a unified platform for all merchant-related


payment and commerce needs, the acquisition will further
enhance Hitachi Payments’ value proposition to merchants
and drive digital adoption,” the company said in a statement.

3 of 4 27-07-2023, 21:44
Yes Bank launches Rupay credit card on UPI - Times of India https://timesofindia.indiatimes.com/business/india-business/yes-bank-l...

Commenting on the development, Tatsuro Ueda, CEO of


financial institutions business unit Hitachi, expressed the
Yes Bank launches Rupay credit card on UPI
company’s commitment to delivering future-ready solutions
that cater to the diverse needs of customers, particularly in
India’s rapidly progressing digital landscape. Ueda said the
acquisition will fortify Hitachi’s position in the Indian market
and present a distinctive value proposition for the merchant
ecosystem, facilitating increased digital acceptance.

Sumil Vikamsey, MD & CEO – cash business, Hitachi


Payment Services, emphasized that the acquisition aligns
with Hitachi Payments’ vision of becoming a leading
payments and commerce solutions provider, offering
holistic, reliable, and cost-effective solutions across the
payments value chain. Vikamsey further stressed the
potential for growth and innovation in India’s payments
landscape through this strategic partnership.

Dayle de Souza, Managing Director, Writer Business Services,


said his company’s legacy in the cash management
business would open new possibilities under the new
ownership. Writer Corporation plans to retain and expand its
ATM Managed Services as part of the overall service portfolio
for corporate clients.

In 2013, Japan’s Hitachi group acquired Prizm Payments,


founded by Loney Antony, and renamed it as Hitachi
Payments in India. This move enabled the company to offer ADVERTISEMENT

a comprehensive range of payment solutions, including ATM


Services, cash recycling machines, white label ATMs, POS
solutions, toll & transit solutions, payment gateway solutions,
SoftPOS, POS Value Added Services, and a next-gen mobile-
based merchant platform.

Hitachi Payments currently manages a vast network of over


66,000 ATMs (including 27,500 Cash Recycling Machines)
and 9,300 White Label ATMs. Additionally, it caters to over 3
million merchant touchpoints and processes more than 7
million digital transactions daily. TRENDING STORIES

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How to check Utkarsh Small Finance


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