MUMBAI: Wise has launched its multi-currency travel card in India today, entering the market just as the country records its highest-ever outbound travel figures and heads into peak international travel season.

India’s outbound travel surged to a record 3.89 crore departures in 2024, driven by leisure travel (42.5%), diaspora visits (34.7%), and business trips (14.9%). Spending has jumped even more dramatically – before FY22, Indians spent roughly $3-4 billion annually on overseas holidays, according to data from the LRS. Still, over the last two years, this has shot up to an average of $17 billion.

Despite this travel boom, Indians continue to lose substantial amounts to non-transparent markups on the exchange rate applied by traditional forex providers. Banks and travel companies have long dominated India’s forex card market, with most providers adding 2-4% margins to currency conversions – costs that are rarely made explicit to customers. On a ₹2 lakh foreign currency conversion, these hidden markups can cost travellers ₹4,000-₹8,000 extra compared to the mid-market rate.

The Wise Travel card, available from today, uses the mid-market exchange rate – the rate visible on Google – with only a small, transparent conversion fee. Over 75,000 people joined the Wise Travel card waitlist in just a month, announced at the Global Fintech Festival, signalling demand for a transparent alternative to traditional forex cards.

Wise has built the card around how Indians actually travel and spend:

• 40+ currencies supported: The highest number available on any forex card in India, covering major travel destinations like Vietnam, Indonesia, Turkey, and Georgia
• DigiLocker and video KYC: Complete digital onboarding in minutes without visiting a branch
• Instant digital card: Available immediately for online bookings and transactions, while the physical card ships
• IMPS top-ups: Instant account loading
• Smart Conversion: The card automatically selects the best available rate when spending abroad, even if you don’t have the destination currency in your card
• Real-time controls: Freeze and unfreeze cards instantly in-app, receive spend alerts, and set custom spending limits.
• Works across 160+ countries on the Visa network: accepted at millions of merchants and ATMs globally.
• Free ATM withdrawals up to $200 a month: Beyond that threshold, a fee of 1.40 USD plus 3.25% applies.

“Indian travellers are heading abroad in record numbers, but they’re still paying hidden fees that can add hundreds or thousands of rupees to every trip. The waitlist numbers showed us something important: people are done putting up with complicated pricing. They want transparency, convenience, and a great product experience. We’re excited to bring this to international spending in India, just as the travel season kicks off,” said Taneia Bhardwaj, South Asia Expansion Lead at Wise.

Wise is waiving its standard 460 INR card issuance fee for customers who sign up before 10 February 2026. The card carries no annual fees, subscription charges, or inactivity penalties.

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NEW DELHI: The Board of Directors of SBI Cards and Payment Services Limited approved the Company’s results for the Quarter ended June 30, 2025, at their meeting held on Friday, July 25, 2025.

Performance Highlights Q1 FY26

• Total Revenue increased by 12% YoY at ₹ 5,035 Cr in Q1 FY26 v/s ₹ 4,483 Cr in Q1 FY25
• PAT at ₹ 556 Cr in Q1 FY26 v/s ₹ 594 Cr in Q1 FY25
• ROAA at 3.4% in Q1 FY26 v/s 4.1% in Q1 FY25
• ROAE at 15.8% in Q1 FY26 v/s 19.1% in Q1 FY25
• Capital Adequacy Ratio at 23.2%; Tier 1 at 17.9%

Business Highlights

• Cards-in-force grew by 10% YoY at 2.12 Cr as of Q1 FY26 v/s 1.92 Cr as of Q1 FY25
• New accounts volume at 873K in Q1 FY26 v/s 904K new accounts in Q1 FY25
• Spends grew by 21% YoY at ₹ 93,244 Cr in Q1 FY26 v/s ₹ 77,129 Cr in Q1 FY25
• Receivables grew by 7% YoY at ₹ 56,607 Cr in Q1 FY26 v/s ₹ 52,705 Cr in Q1 FY25
• Market share for Q1 FY26 Card-in-force is at 19.1% (Q1 FY25: 18.5%), Spends is at 16.6% (Q1 FY25: 15.9%), #2 for Cards-in-force and #3 for spends, in industry

Profit & Loss Account for the Quarter ended June 30, 2025

• Total income increased by 12% at ₹ 5,035 Cr in Q1 FY26 v/s ₹ 4,483 Cr in Q1 FY25. This movement was a result of the following key factors:
  • Interest income increased by 11% at ₹ 2,493 Cr in Q1 FY26 v/s ₹ 2,243 Cr in Q1 FY25
  • Fees and commission income was up by 13% at ₹ 2,384 Cr in Q1 FY26 v/s ₹ 2,115 Cr in Q1 FY25
• Finance costs increased by 6% at ₹ 813 Cr in Q1 FY26 v/s ₹ 767 Cr in Q1 FY25 due to higher receivables.
• Total Operating cost increased by 17% at ₹ 2,123 Cr in Q1 FY26 v/s ₹ 1,816 Cr in Q1 FY25
• Earnings before credit costs increased by 11% at ₹ 2,100 Cr in Q1 FY26 v/s ₹ 1,900 Cr in Q1 FY25
• Impairment losses & bad debts expenses increased by 23% at ₹ 1,352 Cr in Q1 FY26 v/s ₹ 1,101 Cr in Q1 FY25
• Profit after tax was down 6% at ₹ 556 Cr in Q1 FY26 v/s ₹ 594 Cr in Q1 FY25

Balance Sheet as of June 30, 2025

• Total Balance Sheet size as of June 30, 2025, has been ₹66,009 Cr as against ₹65,546 Cr as of March 31, 2025
• Total Gross Advances (Credit card receivables) as of June 30, 2025, were ₹56,607 Cr, as against ₹55,840 Cr as of March 31, 2025
• Net worth as of June 30, 2025, has been ₹14,413 Cr as against ₹13,853 Cr as of March 31, 2025

Asset Quality

The Gross non-performing assets were at 3.07% of gross advances as of June 30, 2025, as against 3.06% as of June 30, 2024. Net non-performing assets were at 1.42% as of June 30, 2025, as against 1.11% as of June 30, 2024.

Capital Adequacy

As per the capital adequacy norms issued by the RBI, the Company’s capital to risk ratio, consisting of Tier I and Tier II capita,l should not be less than 15% of its aggregate risk-weighted assets on – balance sheet and of the risk-adjusted value of off-balance sheet items. As of June 30, 2025, the Company’s CRAR was 23.2% compared to 20.6% as of June 30, 2024.

The Tier I capital in respect of an NBFC-ND-SI, at any point in time, can’t be less than 10%. Company’s Tier I capital was 17.9% as of June 30, 2025, compared to 16.8% as of June 30, 2024.

Rating

CRISIL Long Term          –              AAA/Stable

CRISIL Short Term        –              A1+

ICRA Long Term            –              AAA/Stable

ICRA Short Term           –              A1+

Summary Profit and Loss Statement (₹ Cr)

Summary Balance Sheet (₹ Cr)

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NEW DELHI: SBI Card, India’s largest pure-play credit card issuer, in partnership with PhonePe, announced the launch of PhonePe SBI Card today. This new co-branded credit card aims to provide a rewarding experience on everyday spending, crafted to serve the evolving financial needs of customers across India. The credit card comes in two variants, the PhonePe SBI Card PURPLE and the PhonePe SBI Card SELECT BLACK, catering to diverse customer preferences and lifestyle spending needs. Additionally, both variants of this contactless credit card are available on the RuPay and VISA payment networks, giving consumers the choice of the network that best suits their needs. The RuPay cards can be linked to UPI as well and can be used for transactions at millions of UPI merchants across the country. The VISA variant can be tokenised on PhonePe and used securely across a host of online merchants.

With the new PhonePe SBI Card, customers can earn reward points on various everyday transactions, including groceries, bill payments, travel bookings, utility payments, insurance premium payments, and more, across online and offline shopping platforms. PhonePe SBI Card SELECT BLACK cardholders can earn up to 10% value back as reward points on essential and frequent PhonePe in-app transactions. Customers can also earn up to 5% value back as reward points on all their online spending on other platforms.

Furthermore, the application process is integrated into the PhonePe app, where customers can easily apply for the PhonePe SBI Card through a digital application. Customers can make purchases using the PhonePe app and repay their credit card bill on the PhonePe platform.

Speaking on the launch, Salila Pande, MD & CEO, SBI Card, said,

Adding to this, Sameer Nigam, Co-founder & CEO at PhonePe, said,

The PhonePe SBI Card SELECT BLACK offers a ₹1,500 welcome e-gift voucher upon joining fee payment of ₹1,499. It provides up to 10% value back as reward points on PhonePe and Pincode app spends, up to 5% value back as reward points on all other online merchant spends, and 1% value back as reward points on all other eligible spends. The PhonePe SBI Card PURPLE offers a ₹500 welcome e-gift voucher upon joining fee payment of ₹499. It includes up to 3% value back as reward points on PhonePe and Pincode app spends, 2% value back as reward points on all other online transactions, and 1% value back as reward points on all other eligible spends. All these reward points can be redeemed to settle outstanding credit card bills or avail e-gift vouchers from the SBI Card redemption catalogue.  

In addition to rewards, both credit cards feature significant milestones and travel benefits. PhonePe SBI Card SELECT BLACK cardholders will receive a ₹5,000 travel voucher upon reaching ₹5,00,000 in annual spends. Customers can also enjoy four complimentary domestic lounge visits per year (one per quarter), along with Complimentary Priority Pass membership for international lounge access. The PhonePe SBI Card PURPLE offers a ₹3,000 travel voucher on achieving ₹3,00,000 in annual spends. Both credit cards also include a 1% fuel surcharge waiver.

Eligible customers can easily apply for the PhonePe SBI Card through a simple and seamless digital process, which will be rolled out to customers in a phased manner on the PhonePe app.

Key Highlights

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BENGALURU:  OnePlus, the global technology brand, is announcing the most awaited ‘OnePlus Summer Sale’ with exciting offers on its wide range of devices for May. Starting 1st May 2025, Indian consumers will be able to grab some enticing offers on products like the OnePlus 13R, the OnePlus Nord 4, the OnePlus Pad 2, and more.

The sale will be available across various platforms, including OnePlus in the OnePlus Store App, OnePlus Experience Stores, and Amazon.in Flipkart, Myntra, and mainline stores such as Reliance Digital, Croma, Vijay Sales, Bajaj Electronics, and others. These offers will begin on 1 May 2025.

OnePlus Flagship Series
 
OnePlus 13 Series

The OnePlus 13 series, comprising the OnePlus 13 and OnePlus 13R. OnePlus 13 boasts cutting-edge AI capabilities, powered by the Qualcomm Snapdragon 8 Elite processor. Its impressive 6,000 mAh Silicon NanoStack battery – a first for OnePlus – ensures uninterrupted performance. Capture life’s moments with the 50MP triple-camera system, featuring advanced technologies like Dual Exposure Algorithm, Clear Burst, and Action Mode. With OxygenOS 15, experience seamless and intuitive functionality.
 
The OnePlus 13R offers flagship-level performance and advanced AI technology, delivering a seamless experience that perfectly balances productivity and entertainment, all without compromising on power.
 

• Customers can avail an instant bank discount of INR 5,000 on OnePlus 13 and INR 3,000 on OnePlus 13R on select bank cards, Customers can also avail of a temporary price drop of INR 3,000 on OnePlus 13 and INR 2,000 on OnePlus 13R (16GB + 512GB) respectively.
• OnePlus 13R buyers can also avail themselves of a bundle offer on OnePlus Buds 3
• Customers can also avail up to 12 months and 6 months of no-cost EMI with select banks’ credit cards on the purchase of the OnePlus 13 and OnePlus 13R, respectively
• Customers can own the OnePlus 13 and OnePlus 13R by paying only 65% of their price with 24 months of No-cost EMI. This guarantees 35% Assured Buyback via the Easy Upgrades Program applicable for customers purchasing from OnePlus in and offline stores with ICICI Bank Credit Cards and EMI
• Furthermore, customers can avail themselves of the new OnePlus 13 with an exchange bonus of up to INR 7,000 and OnePlus 13R with an exchange bonus of INR 4000 from 11^th May to 31^st May at mainline stores. 
• Customers can also avail upto 24 months no-cost EMI with Bajaj Finserv, HDBFS, and ICICI Finance on the purchase of the OnePlus 13.

OnePlus 12 Series
The OnePlus 12 Series redefines flagship excellence. The OnePlus 12 boasts a powerful Snapdragon 8 Gen 3 chip, Trinity Engine, stunning 2K 120Hz ProXDR display, rapid 100W SUPERVOOC charging, convenient 50W AIRVOOC wireless charging, and an exceptional 4th Gen Hasselblad camera for mobile. OnePlus 12R, part of the same series, inherits these top features while maintaining its focus on delivering unparalleled performance, making it a compelling choice for those seeking a powerhouse device.

• Customers can offer an instant bank discount of INR 6,000 on select bank cards, along with a temporary price drop of up to INR 13,000 on the purchase of the OnePlus 12
• They can also avail up to 6 months of no-cost EMI on the OnePlus 12 on select banks’ credit cards
   

OnePlus Nord Smartphone
 
OnePlus Nord 4
OnePlus Nord 4 is the only metal unibody smartphone in the 5G era that also features flagship-level hardware like the Snapdragon 7+ Gen 3 processor and up to 256 GB of storage. It also packs a 50-megapixel Sony main camera sensor and a 5500mAh battery, the largest battery ever used in a OnePlus Nord device. This battery is also equipped with 100W SUPERVOOC technology which means it can go from 1-100% in just 28 minutes.

• Customers can enjoy a temporary price discount of up to INR 500 on the OnePlus Nord 4 with an instant bank discount of up to INR 4,500 on select bank cards
• Customers can also avail up to 6 months of no-cost EMI on select bank cards 

OnePlus Nord CE4 and CE4 Lite
The OnePlus Nord CE4 is a fusion of style and power. It’s powered by an octa-core Qualcomm Snapdragon 7 Gen 3 chipset, 8GB of RAM, and a long-lasting 5500mAh battery with blazing-fast 100W SUPERVOOC charging – a Nord series first.
 
OnePlus Nord CE4 Lite delivers all-day entertainment and a smooth user experience. Introducing a revitalized aesthetic for 2024, the OnePlus Nord CE4 Lite 5G presents a distinctive design. Maintaining Nord’s hallmark sleek, robust, and bold design, the smartphone is available in two colourways – Super Silver and Mega Blue.

• Customers can enjoy a temporary price discount of INR 1,000 on OnePlus Nord CE4, along with up to 6 months of no-cost EMI on select bank cards
• Customers can also avail up to 6 months of no-cost EMI on select banks, on purchase of OnePlus Nord CE4 Lite until 11^th May 2025
• Additionally, on the OnePlus Nord CE4 and OnePlus Nord CE4 Lite, consumers can avail instant bank discounts up to INR 2,000 each on select bank cards
   

IoT and Wearables
 
OnePlus Buds Pro 3
The recently upgraded OnePlus Buds Pro 3 features Steady Connect, enhancing Bluetooth audio strength and reliability. When paired with the OnePlus 13 series, it unlocks advanced AI capabilities for seamless communication. The earbuds support bilingual interactions, allowing users to hear their preferred language. These buds are available in three stylish colours: Lunar Radiance, Midnight Opus, and Sapphire Blue.

• Customers can enjoy an exclusive discount of INR 1000 on this OnePlus TWS, along with an Instant Bank discount of INR 1000 on select bank cards
• Customers can also avail an additional special price coupon of INR 500 available on select channels
• OnePlus Red Cable Club members can also enjoy additional discounts of upto INR 1000 on oneplus.in and the OnePlus Store App

OnePlus Buds 3
OnePlus Buds 3 offer an exceptional, impactful, and well-balanced sound through a dual-driver acoustic system. The OnePlus Buds 3 offers balanced sound with a 10.4mm woofer, 6mm tweeter, 49dB noise cancellation, and 7 hours of playback from a 10-minute charge.

• Customers purchasing the OnePlus Buds 3 can avail of an instant bank discount of up to INR 500 on select bank cards. Furthermore, customers can further enjoy a temporary discount price of INR 900.

To further elevate audio experience, customers can also avail exciting discounts on OnePlus’ Nord Buds 3 Pro, OnePlus Nord Buds 2r, OnePlus Bullets Wireless Z2 ANC, and OnePlus Nord Buds 3.
 
OnePlus Pad 2 & OnePlus Pad Go 
 
OnePlus Pad 2
One Plus Pad 2 is a second-generation flagship powerhouse tablet, featuring a Snapdragon 8 Gen 3 platform with an exclusive 12.1-inch large 3K display and six stereo speakers. The device also integrates AI driven features like AI speaker, recording summary and AI writer. For professionals on the go, OnePlus Pad 2 is the perfect device as it offers an impressive standby time of up to 43 days and allows users to stay worry free about battery life.

• Customers can avail an instant bank discount of INR 3,000 with no-cost EMI options of upto 12 months on select bank cards. An additional exchange bonus of INR 3,000 is also available on the OnePlus Pad 2
• The customer can also avail a temporary price discount of INR 1,000 on the purchase of the OnePlus Pad 2
• Students can avail of a special discount of INR 1,500 on OnePlus Pad 2 on oneplus.in and the OnePlus Store App
• OnePlus Red Cable Club members can also enjoy additional discounts of upto INR 1500 on oneplus.in and the OnePlus Store App

 OnePlus Pad Go
OnePlus Pad Go is a seamless tablet, integrating exceptional performance, stunning visuals with seamless connectivity. The device boasts an impressive array of features including a quad speaker’s setup that supports Dolby Atmos. The Pad Go features a unique audio experience for its users with the back panel of the OnePlus designed with a unique Twin Mint colorway, blending two distinct green tones with matte and mirrored metal textures.

• On purchase of the OnePlus Pad Go, customers can enjoy an instant bank discount of INR 2,000 on select bank cards, along with a temporary price drop of INR 1,000 and INR 1,500 on Wi-Fi and LTE variants, respectively 
• Customers can also avail of no-cost EMI options upto 6 months on select bank cards
• Students can also avail INR 1000 discount on oneplus.in the OnePlus Store App.
   

OnePlus Watch 2
OnePlus Watch 2 is a stunning flagship smartwatch that incorporates the latest version of Wear OS by Google (Wear OS 4). Featuring a unique Dual-Engine Architecture with flagship dual chipsets and Wear OS’s hybrid interface, market-leading battery life of up to 100 hours in full Smart Mode, and a premium build and design, the OnePlus Watch 2 represents a big step forward for the smartwatch market.

• Customers can avail themselves of an instant bank discount of INR 3,000 and an exclusive discount of INR 2,000 each with no-cost EMI options upto 9 months on select bank cards
• Additionally, buyers can also enjoy a special price discount of INR 1,000 on the purchase of the OnePlus Watch 2 on Amazon India
   

OnePlus Watch 2R
OnePlus Watch 2R is crafted for fitness enthusiasts, packed with cutting edge features that closely mirror those of the OnePlus watch 2. The watch also boasts of standout features including 100-hour battery life that is powered with Wear OS by Google (Wear OS 4). OnePlus Watch 2R is crafted from lightweight aluminium and is available in Forest Green and Gunmetal Gray variants.

• The OnePlus Watch 2R can also be purchased with the No-cost EMI option for up to 6 months on select banks
• OnePlus Watch 2R will also see an instant bank discount of INR 2,000 with ICICI Bank Credit Cards and EMI, and an exclusive discount of INR 3,000 on their purchase

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Presented during the 100th SKOCH Summit, the award recognises IndianOil’s sustained efforts in driving innovation and delivering customer-centric digital solutions for the transport and logistics sector. The program has transformed fuel management for fleet operators through a secure, seamless, and technology-enabled platform.

The award was received by Team IndianOil from Mr. Sameer Kochar, President, SKOCH Development Foundation.

The SKOCH Awards are among India’s most prestigious recognitions, celebrating excellence in governance, finance, technology, and social impact. IndianOil’s selection followed a rigorous multi-stage evaluation process, culminating in a final presentation on March 11, 2025. This year’s awards saw strong participation from leading banks, government institutions, technology firms, and private sector organisations.

The XTRAPOWER Fleet Card Program continues to be a trusted solution for lakhs of fleet operators across India, offering real-time control, transparency, and value-added benefits to streamline fuel purchases and operations.

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PUNE: In a pioneering move, Bharti Airtel today announced its partnership with the quick commerce platform, Blinkit, for the delivery of SIM cards to its customers in Pune within ten minutes. A first-of-its-kind service by a telco, the services are now live in 16 cities in the country, with plans to add more cities and towns over a period of time.

This collaboration marks a significant milestone, enabling, as it does, customers to receive SIM cards at their doorstep in a minimal 10 minutes at a nominal convenience fee of ₹49. Post the delivery of the SIM card, customers can activate the number using a simple activation process through Aadhaar-based KYC authentication. Customers will have the option to choose from both postpaid and prepaid plans or trigger an MNP for porting into the Airtel network. To streamline the process, customers can access the online link and view the activation video for a seamless activation experience.

Additionally, for all such activations, all Airtel customers have the option to access the help center through the Airtel Thanks App for any assistance they may need. New customers can contact support by calling 9810012345 if they require help. Post-delivery of the SIM card, it will be mandatory for customers to activate the SIM within a 15-day window to ensure a smooth and hassle-free transition.

Commenting on the partnership, Siddharth Sharma, CEO – Connected Homes and Director of Marketing, Bharti Airtel, said, “Simplifying customer lives is central to everything we do at Airtel. Today, we are thrilled to partner with Blinkit for 10-minute SIM card delivery to customers’ homes across 16 cities, and in due course of time, we plan to expand this partnership to additional cities.”

Albinder Dhindsa, Founder and CEO of Blinkit, said, “To save customers time and hassle, we’ve collaborated with Airtel to deliver SIM cards directly to customers in select cities, with delivery in just 10 minutes. Blinkit takes care of the delivery, while Airtel makes it easy for customers to complete self-KYC, activate their SIM, and choose between prepaid or postpaid plans. Customers can also opt for number portability, all at their convenience.”

In the initial phase of this launch, the SIM delivery service will be available across 16 major cities, including metropolises such as Pune, Ahmedabad, Surat, Chennai, Delhi, Gurgaon, Faridabad, Sonipat, Bhopal, Indore, Bengaluru, Mumbai, Lucknow, Jaipur, Kolkata, and Hyderabad.

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NEW DELHI: SBI Card, India’s largest pure-play credit card issuer, in partnership with Tata Digital, announced the launch of Tata Neu SBI Card today. This one-of-a-kind lifestyle co-branded credit card has been designed to provide a premium and highly rewarding shopping experience for discerning customers across segments. This co-branded card has been launched in two variants, the Tata Neu Infinity SBI Card and the Tata Neu Plus SBI Card. Customers earn rewards on all spends, whether online or in-store, and across domestic and international merchant outlets in the form of NeuCoins that are redeemable on the Tata Neu app.

With this launch, Tata Neu SBI Card customers can now enjoy a range of benefits for an enhanced shopping experience. Cardholders can enjoy up to 10% rewards on spends with the Tata Neu Infinity SBI Card and up to 7% rewards on spends with the Tata Neu Plus SBI Card in the form of NeuCoins. These are credited monthly to the cardholder’s NeuPass account within the Tata Neu app. These NeuCoins can be redeemed across a wide range of products and services, including grocery, travel bookings, jewelry, fashion, electronics, and pharmacy services, both online and in-store, addressing the varied lifestyle needs of customers.

The co-branded card also offers rewards on everyday payments, providing up to 1.5% back in NeuCoins (with the Rupay variant) on UPI transactions and up to 5% back on bill payments made through Tata Neu. Customers can enroll for the card digitally via SBI Card SPRINT, by visiting the SBI Card website SBI Card.com, and can also opt to enroll offline by visiting SBI Card retail kiosks at select Croma stores. 

Speaking on the launch, Salila Pande, MD & CEO, SBI Card said, “In today’s era, with evolving preferences, lifestyle needs of customers have become more diverse. We are delighted to partner with Tata Digital to enhance the lifestyle experiences of our customers. Our partnership is a testament to our commitment to offering customer-centric products that deliver the best-in-class value. The Tata Neu SBI Card is designed to offer a holistic experience that adds value in each transaction, elevating the shopping experience with a blend of unparalleled benefits and seamless convenience. The card is a significant addition to our robust co-brand card portfolio.“

Naveen Tahilyani, MD & CEO, Tata Digital, added, “The Tata Neu Card, in partnership with SBI Card, reflects our vision and reaffirms our commitment to offer seamless, rewarding experiences to the modern Indian consumer. It brings together the power of trusted brands to deliver real value and reimagine how India experiences loyalty and credit.”

Tata Neu SBI Card customers earn accelerated rewards on making purchases across the Tata Neu mobile App, the Tata Neu website, and on platforms of leading partner brands, including Air India & Air India Express, BigBasket, Croma, IHCL (Taj Hotels), Tata CLIQ, Tata 1MG, Titan, Tanishq, Westside, and Qmin. Additionally, the co-branded card enables customers to avail of spend-based annual fee reversal upon reaching annual spends of INR 1 lakh on the Tata Neu Plus SBI Card and INR 3 lakhs on the Tata Neu Infinity SBI Card. The card also provides complimentary access to domestic and international airport lounges, adding to the premium experience.

The joining and annual renewal fee of Tata Neu Infinity SBI Card is ₹1,499 plus applicable taxes, and that of Tata Neu Plus SBI Card is ₹499 plus applicable taxes. Both variants of the contactless card are available on RuPay as well as Visa payment platforms.

Key highlights

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Air India Gift Cards are e-cards that one can purchase online from INR 1,000 to INR 200,000 to gift to their loved ones or save for future use.

Air India Gift Cards can be used to book domestic and international flights and buy ancillary services such as extra baggage, seat selection, etc. on Air India’s website and mobile app. The Air India Gift Cards, thus, offer unmatched flexibility, allowing recipients to choose their preferred destination, travel dates, cabin class of travel, and even add on extras, to design their trips the way they desire, making these the perfect present for any occasion.

Air India Gift Cards are available on giftcards.airindia.com in four themes – Travel, Wedding Anniversary, Birthday, and Special Moments – and can be easily personalized.

Other key features of Air India Gift Cards:

• Convenient delivery: Air India Gift Cards can be purchased for immediate use or be scheduled for delivery within 60 days of purchase.
• Transferability: They are transferable, so recipients of the Air India Gift Cards can even use them to book flights for someone else.
• Combination of Air India Gift Cards: Travellers can club up to three cards to use in one transaction. They can also be combined with a credit card as a form of payment to cover any remainder amount to pay.
• Multiple uses: Air India Gift Cards can be used for a single trip or spread across multiple bookings.

The post AIR INDIA GIFT CARDS appeared first on NRI News.

• This all-in-one solution will allow users to accept Bharat QR, UPI, Tap & Pay, and Tap+ Pin payments
  
• The Tap+ Pin capability will power payments of more than ₹5000
  
• Merchants will receive sound and visual transaction alerts in 7+ languages

MUMBAI: Axis Bank, one of the largest private sector banks in India, today announced the launch of NFC Soundbox in collaboration with Mastercard. An industry-first proposition for the merchant community, the new soundbox will act as an all-in-one solution allowing the users to accept Bharat QR, UPI, Tap & Pay and Tap + Pin payments.

With this launch, Axis Bank will be the first bank in India to introduce a Soundbox that can accept Tap + Pin payments, enabling merchants to accept transactions greater than ₹5000 via card instruments. The device will be powered with a dual confirmation feature, providing audio cues through its speaker and visual feedback on the screen in more than seven languages, ensuring a smooth and reassuring transaction experience for both merchants and consumers.

The new Soundbox will be powered with 4G + Wifi capability which provides superior connectivity and seamless processing of transactions. It will be capable of supporting deep integration with third-party applications as well. With Dynamic QR, the amount is automatically populated when the consumer scans the code.

Axis Bank and Mastercard’s collaboration on the NFC Soundbox will help drive card payment acceptance among small merchants. The Soundbox’s innovative and cost-effective proposition along with a seamless transaction experience will help drive quick and secure contactless card payments, leading to cardholder delight.

The new device will also be available on all leading payment networks, such as Visa, RuPay, and American Express.

Speaking at the launch event, Sanjeev Moghe, President & Head- Cards & Payments, Axis Bank, said, “The Bank has always been at the forefront of innovation by introducing various form factors and digitizing the onboarding journey of merchants. This expansion will ensure that our capability stack offers state-of-the-art payment solutions while prioritising a faster and secure payment ecosystem. Through this initiative, we strive to deliver the best possible solutions to both the merchants and their customers by offering multiple modes of payments via different channels. This device aligns with the Bank’s asset lite strategy to provide products/solutions of superior quality at an affordable price. The NFC Soundbox will help the Bank further penetrate the small merchant segments with cost-effective and simple payment solutions that are secure and compliant with PCI standards.”

Commenting on the collaboration, Gautam Aggarwal, Division President, South Asia at Mastercard, said, “What is taking place in India is a playbook for the rest of the world in terms of innovation in digital payments at population scale. The launch of NFC Soundbox is another example of a form factor which provides consumers with access to quick and highly secure card transactions. At the same time, small merchants will be able to use a cost-effective all-encompassing payment solution. Mastercard is delighted to collaborate with Axis bank to power the launch of this unique device furthering digital payments acceptance among India’s small merchants and MSMEs.”

Axis Bank is the largest player in the merchant-acquiring business pan India, with POS terminal market share of 19.8% as of March’24. With an installed base of 17.60L terminals spread across the country, it serves all categories of merchants from the metro cities, urban and rural areas. The Bank has gained an incremental market share of 28% in the last 12 months period (April’23-March’24).

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MUMBAI:  EaseMyTrip, one of India’s largest online travel tech platforms, has partnered with Punjab National Bank (PNB), the nation’s leading public sector bank, to launch the “PNB EMT Credit Card”. This power-packed co-branded travel credit card is aimed at mass to premium customer segments and has been meticulously designed to offer a variety of rewards for Indian travelers.

Customers can log in to easemytrip.com or Oneindia.in or PNB ONE App to avail of this credit card and earn rewards in a variety of categories, including flights, hotels, and holiday packages. Furthermore, this new credit card includes a wallet for contactless payments, which is completely hassle-free and secure as the card information is encrypted before being transmitted to the merchant’s PoS machine.

Sharing his excitement about the partnership, Nishant Pitti, CEO, of EaseMyTrip, said, “We are thrilled to partner with Punjab National Bank to unveil the ‘PNB EMT Credit Card,’ a distinctive co-branded travel credit card aimed at providing a seamless and rewarding experience to our customers. This collaboration is a testament to our commitment to innovation and customer satisfaction. With exclusive benefits in flights, hotels, and holiday packages, paired with a secure and hassle-free contactless payment option, we are excited to redefine the travel experience for our customers. This partnership reflects our shared dedication to offering unparalleled value to our users, making their journeys memorable.”

Speaking during the launch of the new co-branded credit card PNB MD & CEO, said, “Innovation is key to our success, and as a result, we continue to develop partnership models that provide customers with a unique value proposition that is tailored to their evolving needs. Our collaboration with EaseMyTrip reflects our shared commitment to providing customers unmatched benefits on travel-related spending. We believe that this new offering will significantly add value to our customers and provide them an unparalleled travel experience.”

Exclusive Benefits of the PNB EMT Credit Card include:

PNB EMT credit card comes with an annual membership fee of Rs. 2000 and can be used across 100 countries.

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