Paytm launches cobranded credit card with SBI on RuPay network

Paytm dad or mum One 97 Communications introduced on Thursday that it’s going to associate with bank card issuer SBI Card to launch a cobranded Paytm SBI Card on the RuPay community.

RuPay is a card fee community underneath the National Payments Corporation of India (NPCI)

“India is at the cusp of the next payments revolution where credit will become the mainstream payment choice,” Vijay Shekhar Sharma, Paytm’s founder and chief govt, stated in a launch.

“With RuPay credit cards working on UPI QR codes, transactions through mobile phones will get a further boost,” he added.

Customers can avail of privileges value as much as ₹75,000 with a complimentary Paytm First Membership that additionally contains OTT platform membership, flight tickets reductions, and so forth by way of the Paytm app.

“We partnered with Paytm to launch this card to make credit cards more accessible to young and digitally-evolved customers. Paytm SBI Card has become one of the popular cards in our portfolio and with its launch on the RuPay network, we are further strengthening our product value proposition,” stated Rama Mohan Rao Amara, managing director & CEO of SBI Card

In addition, cardholders will probably be entitled to a 2% cashback on all Paytm ecosystem spends and 1% cashback on all different purchases besides pockets reloads and gas expenditure.

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