CoinDCX, one of India's leading crypto exchanges, announced the introduction of Daily SIP, a new addition to its monthly SIP experience that lets users invest in crypto every day, starting at just Rs 100. According to the company, the update will give investors a tighter
Redmi Note 15 has become more expensive in India yet again, with Xiaomi revising the prices of both storage variants by Rs 2,000. The latest increase comes just weeks after an earlier price adjustment, making the phone significantly costlier than its launch price
Editorial independence is core to our work. Some links may earn us a commission, without influencing our opinions. Apple reportedly bringing M6 chip and new colours to iMac later this year Apple is reportedly preparing a new 24-inch iMac with the M6 chip and new colours
Sonova launched its third hearing-aid platform utilising real-time AI on Monday, its latest effort to strengthen its position in a market that relies on rapid technology upgrades to shorten replacement cycles and attract first-time users. The Swiss company was the first one to roll
Apple shipments are expected to decline by around 2.1% in 2026, before returning to growth of around 2.8% in 2027, noted Counterpoint Research. However, it is likely to remain a comparatively resilient due to the sustained demand for the iPhone 17 series
OneCard stops issuing new credit cards as RBI seeks clarifications from partner banks
FPL Technologies, which offers cobranded credit cards under the OneCard brand, is facing a significant business setback after the Reserve Bank of India (RBI) asked all its partner banks to halt the issuance of new cards, according to three people aware of the development.
“The central bank has issued letters to all banking partners of FPL Technologies asking them to stop issuing cards with OneCard until certain issues raised by the regulator are addressed,” one of the people told ET.
According to the sources, the RBI wants clarity on the data-sharing norms followed in these partnerships before allowing issuance to resume. OneCard's partner banks include BOB Cards, SBM India, Federal Bank, CSB Bank, South Indian Bank and Indian Bank. The cards are issued by these lenders, while customer acquisition and management are handled by FPL Technologies.
Email queries to OneCard and the RBI went unanswered till press time Friday.
The development comes against the backdrop of the central bank's tightening of regulations governing co-branded credit card arrangements.
In March 2024, Federal Bank and South Indian Bank informed stock exchanges that they had been directed by the RBI to pause their co-branded credit card programmes. Several arrangements across the sector were subsequently reworked to comply with revised norms.
ET reported on March 18, 2025, that fintech startup Scapia resumed issuing co-branded cards with Federal Bank after the RBI approved its revised partnership framework.
“The RBI seems to have some inhibitions with the partnership arrangements between OneCard and its partner lenders,” the second person cited above said.
FPL Technologies, founded in 2019 by former ICICI Bank executives Anurag Sinha, Vibhav Hathi and Rupesh Kumar, last raised $25.5 million in December from QED Investors, Peak XV Partners and Z47 (formerly Matrix Partners India) at a flat valuation. The company was valued at $1.3 billion in 2022 when Temasek invested.
Co-branded credit cards have proliferated over the past few years through partnerships involving Swiggy, Amazon, Flipkart and other consumer internet companies. But on March 7, 2024, the RBI issued stricter guidelines to curb back-door entry of fintechs into the regulated credit card ecosystem, especially around data sharing and operational control.
“There is a sense in the industry that all the partner banks will have to arrive at a common arrangement with FPL before issuance can resume,” said the founder of another fintech firm operating in the same space.
Source: EconomicTimes
Related Posts: federal bank,south indian bank,OneCard credit cards,RBI credit card regulations,FPL Technologies,co-branded credit cards,Indian banks credit cards,data-sharing norms RBI
The Indian government has ordered Google to shut down hundreds of Firebase accounts that have been linked to online and bank scams, affecting many people in the country. These scams have become a major issue in India over the last few years and most of it is linked to the rise of digital payments
11 hours ago
India's semiconductor market is projected to reach USD 155 billion by CY31, implying a (CAGR) of 20 per cent and taking the country's share of global to roughly 9 per cent by 2031, according to a report by . The report said India's semiconductor opportunity is being supported by a combination of
11 hours ago
![Washington DC [US], August 23 (ANI): Dr Dre, the legendary hip-hop producer and performer, sees AI as another tool in the music-tech toolbox akin to](http://newsorbit360.com/files/news/en/imgs/its-a-new-tool-for-creativity.jpg?height=520)
Washington DC [US], August 23 (ANI): Dr Dre, the legendary hip-hop producer and performer, sees AI as another tool in the music-tech toolbox akin to synthesisers and asserted that only people "who have trouble creating" are afraid of AI, reported Variety.Washington DC [US], August 23 (ANI): Dr Dre
15 hours ago
Vine is back? Divine app revives six-second videos, bans AI content Vine is making a comeback through Divine, a new six-second video app backed by Jack Dorsey that bans AI content and brings back old Vine videos. Published on: Aug 23, 2026, 22:41:11 IST By Durva More Prefer HTon Google Share via
15 hours ago
The story so far: The head of Flock, a surveillance camera maker-operator that works with a range of clients in the U.S., issued an apology this month after the Washington Post reported that multiple law enforcement officers had abused his product network
1 days ago
Editorial independence is core to our work. Some links may earn us a commission, without influencing our opinions. Fujifilm X-T30 III review: The specs are familiar, but the shooting experience is hard to ignore The Fujifilm X-T30 III is a tiny
1 days ago
Editorial independence is core to our work. Some links may earn us a commission, without influencing our opinions. I tracked my sleep with these smartwatches to see which ones make sleep tracking useful I tested smartwatches with sleep tracking to see how useful their sleep insights are for
1 days ago
firms have become “somewhat marginal” in the artificial intelligence investment cycle given the scale of capital required, and large enterprises should increasingly fund AI companies alongside traditional investors, managing director said on Saturday
1 days ago
Amid growing competition from Anthropic and Chinese AI models, OpenAI said it is cutting the prices of its frontier GPT-5.6 Sol model for developers by more than 20% for the next three months. The price cuts are effective on OpenAI's application programming interface, or API
1 days ago
Union Electronics and IT Minister Ashwini Vaishnaw on Friday indicated that Apple could broaden its manufacturing operations in India beyond iPhones, potentially adding products such as MacBooks and iPads. Speaking at the launch of the Mobile Phone Manufacturing Scheme (MPMS)
1 days ago
Editorial independence is core to our work. Some links may earn us a commission, without influencing our opinions. Best 32-inch smart TVs in India 2026: Top picks across budgets for sharper viewing, smart features and entertainment Explore 32-inch smart TVs with Full HD and QLED options
2 days ago
Nvidia has made a minority investment in privately held to develop infrastructure to power AI across the U.S., the companies said on Friday. The investment will help Cloverleaf develop sites for the data centers, while Nvidia will support infrastructure buildouts for AI computing
2 days ago
Yuval Noah Harari on the economic and political perils of AI Humanity must not entrust its lot to clever machines, the bestselling historian warns Updated on: Aug 22, 2026, 14:21:37 IST The Economist Prefer HTon Google Share via Copy link YUVAL NOAH HARARI describes himself as a historian who
2 days ago
Anthropic plans to let enterprise customers exercise greater control over their data when using its advanced AI models, a source familiar with the matter said on Thursday, marking a shift in the Claude chatbot maker’s data retention policy
2 days ago
Asset manager suffered a last month in which hackers stole some personal information, according to a letter on Friday. The New York-based firm was among dozens of prominent U.S. and other businesses that were recently targeted by ransom-seeking hackers who use phone calls to compromise their
2 days ago
Zomato founder Deepinder Goyal has revealed a major design update for Temple, the wearable technology project he has been developing, saying the latest version is now less than half the size of the device previously shown. According to Goyal
2 days ago
Editorial independence is core to our work. Some links may earn us a commission, without influencing our opinions. Best Tech Rakhi gifts under ₹1,000: 5 gadgets your brother or sister will actually use Whether your sibling is a fitness enthusiast or someone who's always on their phone
2 days ago
, a startup building data centers in space, said on Friday it had raised $250 million at a $2.3 billion valuation, as it looks to expand AI infrastructure through . SpaceX's blockbuster IPO has rekindled investor interest in the space industry
2 days ago
The new Apple iPhone range is expected to arrive in September, with the iPhone 18 Pro and iPhone 18 Pro Max among the key models revealed. The new lineup is also rumoured to include Apple’s first foldable iPhone. However, for customers seeking a traditional flagship smartphone
2 days ago
As Apple gears up for its major September iPhone event, the company is expected to unveil the iPhone 18 Pro, iPhone 18 Pro Max and an all-new foldable iPhone. The iPhone 18 Pro models are tipped to feature a faster A20 Pro chipset, larger batteries and upgraded cameras. However
2 days ago
Samsung Galaxy S26 FE launch on August 27? Here’s what the new Galaxy event could reveal Samsung launched the Galaxy S26 series globally back in February this year. Updated on: Aug 21, 2026, 17:09:08 IST Prefer HTon Google Share via Copy link You may be interested in 32% OFF Samsung Galaxy S26
2 days ago
As companies deploy AI across more users and workloads, Snowflake says attention is shifting to token costs, model choice, spending controls and returns. As AI moves from pilots to production, Indian enterprises are beginning to ask a familiar question: “Kitna deti hai?” Only this time
2 days ago
Editorial independence is core to our work. Some links may earn us a commission, without influencing our opinions. Everyday cooking can mean more than reheating when these convection ovens bring several cooking methods together Capacity, cooking modes and preset menus vary across these convection
2 days ago
![New Delhi [India], August 20 (ANI): The next phase of enterprise artificial intelligence (AI) will be less about deploying the latest models and more about](http://newsorbit360.com/files/news/en/imgs/next-phase-of-enterprise-ai-not-about-deploying-models.png?height=520)
New Delhi [India], August 20 (ANI): The next phase of enterprise artificial intelligence (AI) will be less about deploying the latest models and more about managing their continuous upgrades, costs and performance, according to a report by Straive
3 days ago
![New Delhi [India], August 20 (ANI): India's key strength in artificial intelligence lies in the applications layer, while the country is simultaneously](http://newsorbit360.com/files/news/en/imgs/indias-ai-strength-lies-in-applications.jpg?height=520)
New Delhi [India], August 20 (ANI): India's key strength in artificial intelligence lies in the applications layer, while the country is simultaneously building capabilities in data centres and other digital infrastructure, Union Minister Ashwini Vaishnaw said in an interview with Morgan Stanley
3 days ago
Google has a back-to-college gift! Get 1 year of free 400GB storage, better learning tools and higher Gemini limits Google is expanding its student perks with discounted premium services and new ways to research, revise and learn through Gemini and Search. Updated on: Aug 20, 2026
4 days ago
The first healthcare touchpoint for more than half of India’s population are the frontline workers such as ASHA and Anganwadi workers. Strengthening their confidence with AI-enabled tools on their hand-held devices, will significantly improve the quality and reach of primary healthcare in the
4 days ago
