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Tag: RuPay

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ixigo and AU Small Finance Bank Launch RuPay Variant of Their Co-Branded Travel Credit Card

Jul 12, 2024 by Mansi 0 Comments #Aloke Bajpai, #credit card, #Finance Bank Launch, #ixigo, #Mr. Nalin Bansal, #Mr. Sanjay Agarwal, #RuPay

Mumbai, 12th July 2024: ixigo, India’s leading OTA for the next billion users and AU Small Finance Bank, the largest Small Finance Bank of India, announced the launch of the RuPay variant for its premium co-branded ixigo-AU Small Finance Bank travel credit card, enabling UPI-based payments and rewards. This new offering is designed to bring enhanced benefits like greater convenience, wider reach, security and accessibility to modern travellers.

Building on the successful partnership of ixigo and AU Small Finance Bank (AU SFB), the RuPay variant introduces a range of features tailored to meet the needs of travellers. Cardholders can link their RuPay credit card on UPI using any UPI payment app, enabling seamless credit card payments with UPI. Travellers will get 10 reward points on online UPI transactions and 5 reward points on offline UPI transactions. They will also have access to premium 24/7 concierge services, a comprehensive insurance cover of up to INR 2 Lakhs, including Personal Accident Insurance and Permanent Disability Cover, and various exclusive RuPay offers across dining, shopping, wellness, and entertainment.

The card also retains its existing benefits and core value proposition across all travel modes, including 10% discount on flights, buses and hotels and Zero PG charges on train booking via ixigo app, while offering additional benefits exclusive to RuPay cardholders. Cardholders will get 1000 reward points, Rs. 1000 ixigo money reward on completing their first transaction within 30 days, and a fuel surcharge waiver of 1% and 10% reward points on train transactions. Cardholders also enjoy Zero forex markup fee on international spends, complimentary 8 railway lounge access, 8 airport lounge access, and 1 International lounge access per year.

Commenting on the launch, Aloke Bajpai, Group CEO & Rajnish Kumar, Group Co-CEO, ixigo said, “We are excited to introduce the RuPay variant to the existing co-branded AU Small Finance Bank travel credit card. With seamless UPI integration and comprehensive insurance coverage, this card is designed to meet the evolving needs of modern travellers, especially those from tier 2,3 & 4 cities. By combining our travel expertise with AU SFB’s robust financial solutions, we aim to make travel more accessible and provide a smoother experience nationwide.”

Mr. Sanjay Agarwal, Founder and MD & CEO, AU Small Finance Bank, said, “Our partnership with ixigo continues to set new benchmarks in the travel industry, offering unparalleled benefits tailored for the modern traveller. This launch reaffirms our commitment to providing innovative and inclusive financial solutions to our customers. The RuPay variant will maintain exceptional travel rewards and bring the added advantage of RuPay’s extensive network, fulfilling the desires of aspiring Bharat. This move exemplifies our customer-centric approach as we continue to serve the diverse needs of our customers across Bharat.”

Mr. Nalin Bansal, Chief of Corporate, Fintech Relationships and Key Initiatives, NPCI said, “We are happy to partner with ixigo and AU Small Finance Bank to provide travellers with an enhanced experience through exclusive rewards for RuPay cardholders. UPI-enabled RuPay credit cards combine the convenience of UPI with the benefits of credit cards. This aligns perfectly with our mission of expanding digital payments across India, making travel seamless and rewarding.”

CARD91
business

CARD91, a global Payment Issuance Infrastructure company, announces strategic partnership with YES BANK and RuPay

Jun 20, 2022 by Praveen 0 Comments #CARD91, #RuPay, #YES BANK

CARD91, a global payment infrastructure powering B2B payments, announced a strategic partnership with YES BANK and RuPay, the flagship product of National Payments Corporation of India (NPCI). Through this partnership, CARD91 will create a card management system that will allow companies to launch a variety of co-branded card instruments as well as maintain a real-time dashboard to generate insights. This will enable CARD91 to expand its presence in the Indian payments market.

CARD91’s partnership with YES BANK and RuPay will enable the company to provide businesses of all kinds across various sectors with a range of card instruments for managing and securing payments. Businesses will now have an option to choose from co-branded or non-branded card instruments, thereby giving them an innovative solution to address specific use.

CARD91 is a plug-and-play Payment Issuance Infrastructure designed to help businesses launch co- branded cards and simplify payments. By managing compliance, regulation, infrastructure, lending, issuance, and customer service, the company offers a seamless process for the launch of co-branded payment cards. CARD91 optimises costs, decreases launch time and provides real-time insights and data on card instruments.

CARD91 allows businesses to monitor their payment flows, from onboarding to processing transactions and data reconciliation. Banks can offer their customers access to new-age payment services, as well as support card-based lending. The company is also in discussion with other brands about co-branded instruments.

“We are delighted to partner with YES BANK and RuPay,” said Ajay Pandey, co-founder of CARD91. “This partnership will help us offer businesses a simple and secure way to manage their payments, compatible with a wide range of payment networks across the country. By utilizing the scalable CARD91 infrastructure, businesses will be able to launch any type of card instrument quickly and gain real-time insight into their usage. Our aim is to further revolutionise and accelerate the Indian digital payments system.”

Speaking on the occasion, Naveen Chaluvadi, Chief Digital Officer, YES BANK, said “We are pleased to partner with CARD91 on this technology-driven project platform. This is in line with our strategy of nurturing innovation, strengthening the payments ecosystem and creating commercial models that will provide value for our customers and clients. This partnership aims to provide technology support to propel go-to-market for businesses, enabling them to launch multiple prepaid payment instruments, thereby delivering the convenience of digital-first solutions to more consumers. We are looking forward to step-up our efforts to deliver a range of solutions that add value to customers and push the boundaries through this strategic arrangement with the help of partnerships across multiple programs.”

Mr. Nalin Bansal, Chief of Corporate and Fintech Relationships and Key Initiatives, NPCI said, “We are pleased to be an integral part of CARD91’s new-age solutions in terms of card management system for businesses. We believe such kind of initiatives will further add value to RuPay’s journey of providing a seamless and tech-led corporate payment management experience to businesses. With RuPay’s immense popularity among retail customers, we are confident to witness its increased adoption among the business fraternity as well.”

Bengaluru-based CARD91, which has offices in Mumbai and Delhi, is poised to become a major player in the global payment infrastructure market. CARD91 recently emerged from stealth mode and raised

$13 million in a Pre-Series A round of funding. In August 2020, Ajay Pandey, Kush Srivastava, and

Vineet Saxena founded the technology startup. All three have founded successful ventures in the past, including Myntra, Mastiff, and Quiklo.