You would have to clearly understand how the two work in real life before you can decide when to use debit or credit. A debit card is directly related to your bank account. The payment is automatically debited from your available balance whenever you make a payment. This is to ensure that you will never…
Digital payments have become so common that most people no longer think twice before sending money online. Whether it is paying rent, ordering food, or splitting a bill, everything happens within seconds. But behind this speed, there is a complex system working between banks, payment apps, and servers. Because of this, even a small technical…
Nowadays, in the digital society, virtually everybody has encountered suspicious calls, messages, or emails at some time. You could end up with a message that you have been blocked by your bank account, or you could be making a call that you have won a major prize. Although these scenarios might appear to be dissimilar,…
Most of us nowadays do our shopping online, we use applications to pay our bills, or we save our card details so that we can use them to check out easily. But inconvenience comes at a heavy price, and a major question arises: Is our card data safe? As online fraud and cases of data…
UPI is pretty much everywhere in India now. Paying for groceries, splitting the bill at dinner, and grabbing something online, it’s just tap, scan, done. But behind that convenience, there’s a solid system keeping your money safe, thanks to some key rules from the Reserve Bank of India. These rules matter because they decide how…
Your smartphone can be used as a mini bank in the modern digitalized world. UPI apps are utilized in nearly all daily transactions, such as rent, food, etc. Owing to this reason, your phone holds very sensitive financial details despite the fact that it does not necessarily hold your money. In cases when your phone…
UPI is designed with multiple layers of protection, which makes it one of the safest digital payment systems in India. Even if someone has your phone in hand, they still cannot access your UPI account unless they know your UPI PIN. OTP plays an important role during the initial setup or when you try to…
Buying expensive products has become much easier with EMI options. Whether it is a smartphone, laptop, or home appliance, you no longer need to pay the full amount at once. However, many users get confused when choosing between Zero-Cost EMI vs Credit Card EMI. At first, both options look similar because they allow you to…
Digital payments simply mean paying money without using physical cash. Instead of handing over notes, you use your phone, card, or internet banking to complete a transaction. Today, digital payments are everywhere. Whether you’re ordering food, booking a cab, or paying your electricity bill, you can do it instantly with just a few taps. Popular…
Emotional spending is characterized as the tendency to purchase items according to emotions rather than necessities. Some individuals go shopping when they are stressed, bored, lonely, or even excited. That is when it is gratifying and reassuring to get something new. Emotional spending has increased in the digital age, as it is as easy as…