They will together launch mobile-first, premium credit cards for the customers
Indian Bank, a public sector bank in India, has announced its partnership with OneCard, aimed at introducing mobile-first, contactless, metal co-branded credit cards.
Backed by an intuitive mobile app, this partnership aims at empowering users with full digital control over their credit card interactions, ranging from real-time transactions tracking, spends management, EMI conversion, reward redemption, repayments, monthly budget planning to credit limit adjustments and seamless payments, all in-app. The card comes with lifetime validity and zero joining and annual fees.
“Indian Bank is entering into partnership with different Fintechs to offer state-of-the-art technology to its customers. Our moto is to bring the best innovation and technology in our offerings, be responsive to the unique need of each customer through all channels of choice, to provide value to the stakeholders and to empower and engage our employees.” Vikas Kumar, chief general manager (Retail & MSME) of Indian Bank said.
Anurag Sinha, co-founder & CEO of OneCard said, "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.”
OneCard is a mobile-first metal credit card launched and managed by FPL Technologies in partnership with issuer banks. FPL Technologies was founded by Anurag Sinha, Rupesh Kumar, and Vibhav Hathi in 2019.
Indian Bank has also launched 'IND SPRINGBOARD' -- a customised loan product for start-ups to address their unique financial challenges
This strategic partnership aims to address the financing needs of SMEs and facilitate their growth and development
The collaboration will enable the two organizations to identify promising start-ups and facilitate their exchange toward building disruptive technology solutions