- 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
