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HDFC Bank Joins Hands with Arzooo

Published on November 13, 2022
Current Context: HDFC Bank partnered with Arzooo to launch customized Purchase Cards designed exclusively for small and mid-sized retailers.
HDFC Bank Joins Hands with Arzooo
  • The objective of this partnership is to roll out over 1 lakh purchase cards in the next 12 months.
  • The purchase cards are aimed to provide easy access to the untapped Tier-II and Tier-III markets.
  • These purchase cards will be provided interest-free credit for up to 1 month with an INR 1 crore credit limit.
  • To provide ease of use during checkout, the purchase card has also been integrated with the Arzooo mobile application.
  • This will help the existing 40,000 retail partners on the Arzooo platform manage their working capital efficiently.
  • HDFC Bank is a financial services company that was established in 1994 with its headquarters in Mumbai. The current CEO of the bank is Sashidhar Jagdishan.

Question:

Q.1 HDFC Bank recently partnered with ______ to launch customized Purchase Cards designed exclusively for small and mid-sized retailers.
a. Slackline
b. Arzooo
c. CleverCards
d. Trove
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