- 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:
Q.1 Which bank partnered with Paytm to launch co-branded credit cards which will be launched in October 2021?
a. HDFC Bank
b. State Bank of India
c. Punjab National Bank
a. HDFC Bank
b. State Bank of India
c. Punjab National Bank
d. Kotak Mahindra Bank