- They have partnered to launch co-branded credit cards on the Visa platform for business holders, millennials, and merchants.
- The HDFC Bank-Paytm co-branded credit cards will be launched in October 2021.
- It will be having features like monthly installments (EMIs), and buy now pay later (BNPL) and the other entire features will be added to the card by Dec 2021.
- It will offer best-in-class rewards and cashback for users.
- Due to this partnership, HDFC Bank will be able to gain its lost market share in the credit card area as the bank was banned by RBI for about 8 months from performing digital offering businesses.
- Static Part:
- HQ of HDFC Bank: Mumbai
- MD and CEO of HDFC Bank: Sashidhar Jagdishan
- Tagline of HDFC Bank: We understand your world
- HQ of Paytm: Noida, UP
- CEO of Paytm: Vijay Shekhar Sharma
Question:
a. HDFC Bank
b. State Bank of India
c. Punjab National Bank
