HDFC Bank will launch a co-branded credit card in association with Paytm. Its launch can happen in the festive season in October 2021. Businessmen will get ease of doing business with Visa credit card. This credit card will help meet the diverse needs of retail customers, as well as benefit from reward points and cashback for new credit users to old ones. The new card will also facilitate small businessmen.
Launching this festive season, consumers will be able to take full advantage of features like credit card offers, EMI and Buy Now Pay Later. With over 5.1 crore credit cards, debit cards and prepaid cards and over 20 lakh merchants in the country, every third rupee spent on the card is on an HDFC Bank card.
As part of the partnership, HDFC Bank and Paytm will introduce Business Credit Cards, which will bring multiple benefits to merchant partners in small cities and towns in India to get quick and easy credit without any paperwork.
Parag Rao, Group Head, HDFC said, “As the largest card issuing bank in India, we are committed to accelerate the adoption of digitization in the country. We believe that this partnership is an effort by the bank to increase consumption, especially in the festive season of India’s development, which will further boost the economic development of the country. As a leader in the card space, we aim to help grow the eco-system through such collaborations, which ultimately lead to a different experience for the customers.
