Dadajan Pay, a multinational technology company, has a huge advantage for nonentities like me: it doesn't yet charge the ' platform fee ' which was recently imposed as one more unnecessarily taxing/extracting money from nonentities like me! Yes! All other Pays like Dagger Pay , Taser Pay, Knife Pay Fork Pay or whatever are already charging platform fees for all bills, recharges and all! No doubt, Dadajan Pay of the veteran company that boasts of an 'online marketplace for anything' is only trying to compete better with the numerous technology giants that have joined the Pay business, after the introduction and immediate popularity of the UPI system in India . Apart from the no-platform fee Dadajan Pay also offers a variety of Scratch Card Rewards including instant cashback rewards. Therefore, I prefer to make bills/recharges payments on Dadajan Pay. Make hay while the sun shines! Accordingly on that day I paid for my mobile bill using the Dadajan Pay UPI. I was e...
No doubt you need credit cards in lots nowadays. One for one particular use, one for some other consideration and some for general use. You go on multiplying your accounts on account of no annual fee, less interest rates, freebies and all that. From the grocery stores to the online reservations you do it on ease without having to carry cash. To say more of such benefits is cliched.
But, particularly in India, costs of card use are increasing. Cash advance facility is almost passe due to prohibitive costs, minimum fee of Rs 300/ whatever amount you withdraw plus interest from the very date. Lifetime free cards are accepted norms, but use is the basic need.
Revolving credit is also proving too costly. Now almost every bank has increased the monthly interest rate to 3.1% or above instead of customary 2.95% with special reduced rate offers. Even in high profile co-branded cards the rate is upwards of 3%. And, some special APR cards have gone to 3%+ interest without notice.
On many purchases like fuel, railway reservations and all you need to pay an extra transaction charge.
So, now you must have a sizable savings account balance to use credit cards and to settle full dues in one go so as to avoid cumulative interest charges.
Isn't this against the trends of consumerism and the market economy?
People are feeling the credit crunch all around the world. Interest rates are going up and businesses are being forced to accept higher merchant rates as well.
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