Paytm Partners with SBI and NPCI to Launch Co-Branded RuPay Credit Cards

One 97 Communications, the parent company of Paytm announced their partnership with SBI Card for launching the co-branded Paytm SBI Credit Card on RuPay network. With this partnership, all three homegrown Indian brands, Paytm, NPCI’s RuPay, and SBI Card are coming together to boost credit inclusion in India and further improve digital financial services for people. Paytm first partnered with SBI Card in 2020 and the launch of their credit cards on the RuPay network will help new-to-credit users get accustomed to digital-first financial services. The co-branded cards offer great benefits and rewards for the cardholder and the RuPay cards can also be linked to UPI. As a result, people can scan the QR code and make UPI payments conveniently throughtheir credit card.

Rewards and Benefits of the Paytm SBI RuPay Credit Cards

The innovative co-branded cards by Paytm and SBI are powered by the ever-growing RuPay network, specifically designed to meet the needs of our country’s young professionals and youth. This will revolutionize the way credit is used in India and offer a rewarding, seamless payment experience.

Whether you use the card on the Paytm app or at offline or online stores, you will be rewarded for it. The Paytm SBI credit cards offer the following rewards and benefits to the users –

∙Exclusive welcome benefits worth up to a maximum of Rs. 75000
∙Complimentary Paytm First Membership worth Rs. 750 including OTT platforms subscription
∙Discounts on flight ticket bookings made through the Paytm app
∙Up to 3% cashback on travel and movie ticket bookings through the Paytm app
∙Up to 2% cashback on other spends made on the Paytm app
∙Up to 1% cashback on all other spends with the card, excluding wallet reloads and fuel spends
∙1% fuel surcharge waiver at outlets across the country
∙Cyber fraud insurance cover of Rs. 1 Lakh for the Platinum cardholders

Bottom Line

Paytm’s and SBI Card’s partnership has gone to the next level with the launch of their co-branded credit card on the RuPay network, in association with the NPCI. This makes the credit card accessible to the youth and digitally-evolved individuals. The RuPay network is extensively spread across India and the linking of these RuPay credit cards with UPI allows customers to get maximum value.

India is going through a digital revolution when it comes to payment, and the Paytm SBI RuPay cards can make credit the preferred payment choice of people. Individuals are now comfortable with QR code payments and as RuPay cards work on QR codes, UPI transactions can be easily made through the credit card on your mobile phone.

With the launch of RuPay credit card service on UPI, people now have access to a youthful, modern payment service backed by the best, secure technology. Therefore, the Paytm SBI RuPay credit cards can become the cornerstone credit solution for customers in India.