/indianstartupnews/media/agency_attachments/s1FnhAYONODoxNkoC8xA.png)
Follow Us/indianstartupnews/media/media_files/lmBLNUl12Zjt9KwsFSQY.png)
Indian Bank partners with OneCard
Indian public sector bank Indian Bank said it has partnered with Indian fintech startup OneCard to launch mobile-first, contactless, metal co-branded credit cards for its customers.
According to a statement, The partnership will empower users with complete digital control over their credit card interactions — from real-time transaction tracking, spending management, EMI conversion, reward redemption, repayments, monthly budget planning to credit limit adjustments and seamless payments, all in-app.
The bank said the new credit card will have a lifetime validity with zero joining and annual fees.
“Indian Bank, recognized for its commitment to embracing technological advancements, continues to prioritize delivering customers a smooth, digitally centred experience. The bank’s reputation as a significant technology contributor within the banking industry highlights its commitment to fostering innovation," said Vikas Kumar, Chief General Manager (Retail & MSME) of Indian Bank.
Vikas said the bank is entering into partnerships with different Fintech firms and startups to offer state-of-the-art technology to its customers. Recently, The bank partnered with technology company IBM to meet its digital infrastructure needs.
"This partnership is a testament to our commitment to re-imagining and redefining credit offerings by bringing together the strong balance-sheet and long-standing brand & trust of a large public sector bank and our approach of thinking from first principles, to offer highly tech-enabled, customized credit solutions to the customer," said Anurag Sinha, Co-founder & CEO of OneCard.
OneCard is an Indian fintech unicorn that mobile-first metal credit cards and credit score-checking product, OneScore. Last year in July, OneCard turned unicorn after it raised $100 million in a Series D round from Singapore's Temasek and other investors, including QED, Sequoia Capital, and Hummingbird Ventures.
Also Read: