- SBI Card and Google Pay launched the Google Pay Flex SBI Card on the RuPay and Visa payment networks.
- UPI facility: The RuPay variant can be linked with UPI for merchant payments through Google Pay.
- Application: Customers can apply digitally through the Google Pay application without physical paperwork.
- Rewards: Users earn Stars on eligible transactions, where 1 Star equals ₹1.
- Repayment: Customers can convert eligible outstanding amounts into EMIs.
- Joining fee: ₹499
- Annual fee: ₹499, waived on annual spending of ₹1 lakh or more.
- Purpose: To expand access to digital credit and promote credit-card payments through UPI.
- Significance: The partnership combines SBI Card’s credit services with Google Pay’s large digital-payment user base.
Question:
Q1.Which two organisations launched the Google Pay Flex SBI Card?a) SBI Card and PhonePe
b) SBI Card and Google Pay
c) HDFC Bank and Google Pay
d) Axis Bank and Paytm
Answer: b) SBI Card partnered with Google Pay to launch a fully digital co-branded credit card offering RuPay-UPI payments, rewards and flexible repayment options.
