Paytm & SBI To Launch RuPay Credit Card

Paytm & SBI To Launch RuPay Credit Card 

Paytm parent company, One97 Communications, has partnered with the State Bank of India (SBI) to launch Paytm SBI Card on the RuPay network.

Further, Paytm is planning to launch UPI International. The fintech giant is also growing its partnership with SBI that began in 2020. Back then, the two launched Paytm SBI Card and Paytm SBI Card SELECT in partnership. 

The new RuPay credit card will offer several welcome benefits including exclusive credit privileges worth up to ₹75,000 with a complimentary Paytm First Membership to avail OTT platform membership, flight tickets discounts through the Paytm app.

According to Paytm’s, the cards offer rewards and savings when used on the Paytm App and also at online and offline stores. Using this card on Paytm app, the users will receive a cashback of 3% on booking of movie and travel tickets, 2% cashback on all other purchases from his app, and 1% cashback on spends elsewhere.

Commenting on the initiative, Praveena Rai, COO, NPCI, said, Since NPCI’s launch of credit card services on UPI, we are constantly working towards providing unique, value based RuPay credit cards. It is exciting to see RuPay progressively establishing itself as a modern, contemporary, and youthful.

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