Debit cards and credit cards

Finin

Talk to us about how you use your debit and credit cards

dipdes

The card should be block and unlock from app so that it will be more secure

Finin

dipdes We do have that feature wherein you will be able to directly lock or unlock your card via the Finin app.

AtharvaJ

If possible add a feature like Amaze which InstaReM Singapore uses..pretty cool and handy

https://www.instarem.com/en-sg/amaze

theRajeshV

AtharvaJ That actually is pretty cool! And if Finin were to do something like that, they'd also be get all the details without having to use unreliable means like SMS.

Anirudh

AtharvaJ : this feature is very interesting and will have a lot of uptake among the customers. But we would like to focus on this later in the roadmap.

pramoneel

I think you can try for a virtual debit and credit card.

Finin

pramoneel We definitely have a virtual debit card in the works. You will be able to manage it via the app as well.

himanshuprakash

The addition of a virtual card will help and along with that, you should also consider supporting Samsung Pay. The user can add the card on Samsung Pay and then can make a payment without actually carrying the physical card.

pramoneel

Thank you

pramoneel

Further for a virtual debit card, you can try for a dynamic PIN number, rather than static as used for physical cards.

Finin

That's definitely a great idea to ponder upon, pramoneel.

theRajeshV

I use my cards based on what's giving me the best return for a particular transaction. Generally, this is 2% with category based spends on non-elite cards. Universal cashbacks range from 1% - 1.5%.

If you are bringing credit/debit cards with universal 2% cashbacks, you will be my new default. And if you were to add zero forex markup and offer decent interest rates on savings and deposits, you'll pretty much be my only platform for all transactions (except Amazon and Flipkart spends because of their 5%).

radkyneo

There should be no annual charges for both Debit and Credit card. There should not be withdrawal limit on the card. Also, 2% cashback on all transaction will disrupt the whole card industry.

Anirudh

radkyneo : why do you say, it would distrupt the whole card industry? If it is going to positively distrupt, should one do that? I would love to hear your thoughts on it.

theRajeshV

Anirudh, disruption might be pushing it a bit far, but the reasoning for that statement can be found in my previous comment (universal cashbacks (on every spend) usually range from 1-1.5%).

And such "disruption" is most definitely good for you (assuming you manage to do it right). Your card is the reason why I am even here.

Anirudh

theRajeshV : that's some nice words from you, we are working really for that. We will keep you informed about this.

Efe-Akman

I might as well add one feature that is available in my axis bank debit card. It is the nfc payment feature which allows me to add my card details and make payment at POS terminals via NFC on apps like Samsung pay, Google pay. It would be great if Finin offered this feature on its app. This feature would prevent the loss of cards and help payments become safer