Yes Bank–BookMyForex Forex Cards: Chargebacks Now Being Initiated
Operational Update on Cross-Border CNP Disputes Update — February 27, 2026 Subsequent media reporting indicates that chargeback processes are now being actively initiated by Yes Bank , in coordination with card networks, for affected forex card customers associated with BookMyForex . For background analysis on cross-border chargeback mechanics in this case, readers may refer to the earlier post here: https://prashantnepayments.blogspot.com/2026/02/yes-bankbookmyforex-forex-cards.html According to recent coverage in Business Standard , Economic Times, and Moneycontrol : Approximately 5,000 cards were reportedly impacted. Around $280,000 in unauthorised transactions were processed. The bank has begun working with card networks to reverse disputed debits. Compromised cards are being blocked and reissued. Certain foreign e-commerce corridors have been restricted as a containment measure. In addition, the Reserve Bank of India has repo...