Federal Bank partnered with OneCard

Published on September 24, 2021
Current Context: The Federal Bank has partnered with OneCard, which is a fintech company.
Federal Bank partnered with OneCard
  • They have partnered to launch a mobile-first credit card which will prove beneficial to India’s young, tech-savvy community between the age group of 23 and 35 years.
  • The card is expected to become popular during the upcoming festive season in which consumer credit demand is highest.
  • The OneCard app will issue the credit card in just 3 minutes and will activate it instantly in virtual format until the physical card gets delivered.
  • The control of the card can be made by the user via the app. The user can track spends and rewards to set the transaction limit on the card.
  • Static Part: 
    • HQ of Federal Bank: Aluva, Kerala
    • MD and CEO of Federal Bank: Shyam Srinivasan
    • CEO of OneCard: Anurag Sinha

Question: 

Q.1 Which bank partnered with OneCard to launch a mobile-first credit card?
a. SBI
b. Federal Bank
c. Axis Bank
d. Karnataka Bank

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