Indian Bank has joined forces with OneCard to introduce state-of-the-art, mobile-first, contactless, metal co-branded credit cards. OneCard, a metal credit card designed exclusively for mobile use, is launched and managed by FPL Technologies in collaboration with issuer banks.
The collaboration between Indian Bank and OneCard seeks to offer India’s tech-savvy consumers an unmatched, seamless credit consumption experience. The partnership’s key feature is an intuitive mobile app that empowers users with complete digital control over their credit card interactions. This includes real-time transaction tracking, expenditure management, EMI conversion, reward redemption, repayments, monthly budget planning, credit limit adjustments, and seamless payments, all within the app.
The international metal credit card operates on cutting-edge technology and comes with a range of carefully curated features, including lifetime validity with no joining or annual fees. OneCard follows the principles of simplicity and transparency, giving cardholders the ability to monitor and track all of their credit card interactions through the feature-rich mobile app.
Vikas Kumar, Chief General Manager (Retail & MSME) of Indian Bank, commented on the partnership, emphasizing the bank’s commitment to embracing technological advancements and delivering a smooth, digitally centered experience to customers. The bank is known for its significant contributions to technology in the banking industry and is actively partnering with various fintech companies to offer state-of-the-art technology to its customers.
OneCard, created by FPL Technologies, was founded by individuals with backgrounds in banking and extensive knowledge of payments, credit, and digital enterprises. FPL Technologies is dedicated to rethinking credit and payments and is focused on providing consumers with innovative financial solutions.
The metal co-branded credit cards introduced through this partnership aim to cater to the evolving needs and preferences of Indian consumers, especially those who prioritize mobile-centric financial management. With the introduction of these cutting-edge credit cards and the associated mobile app, Indian Bank aims to enhance its offerings, provide value to stakeholders, and empower and engage its customers.
On Monday, Indian Bank’s share price closed 1.59% higher at ₹383.15 apiece on the Bombay Stock Exchange (BSE).
