DBS Financial institution India launches its first bank card in partnership with Bajaj Finance
- All Type News
- on Jun 07, 2022
DBS Financial institution India in partnership with Bajaj Finance Restricted introduced the launch of its first bank card in India, co-branded as ‘Bajaj Finserve DBS Financial institution SuperCard’, powered by Visa. Designed to de-clutter clients’ wallets, the SuperCard eliminates the necessity to have a number of bank cards.
Each common and co-branded bank cards are common out there, with clients choosing them for the distinct advantages. Whereas common bank cards provide provides and rewards throughout classes, co-branded playing cards additionally provide further advantages on companions’ services or products.
The one-of-a-kind providing SuperCard will provide its clients advantages and rewards throughout numerous product classes and unique advantages on Bajaj Finserv’s vary of services and products accessible throughout the nation.
Prashant Joshi, Head, Shopper Banking Group, DBS Financial institution India stated, “The launch of our first bank card is a milestone for DBS Financial institution in India. We’ve created an end-to-end digital expertise for mobile-first digital Staying true to our core viewers, our strengths. SuperCard is a transformative bank card expertise curated to get rid of friction within the fee journey and transparency in billing in order that clients stay extra and financial institution much less.
The bank card house is witnessing sturdy progress. We’re assured that the SuperCard, developed in partnership with Bajaj Finance, will assist get rid of the necessity for a number of playing cards, improve entry to credit score and supply our clients with engaging rewards and advantages, due to the BFL franchise community. Our imaginative and prescient is to leverage the strengths of each organizations and provide an finish product that ensures wealthy rewards and the most effective buyer expertise.”
Anoop Saha, Deputy CEO, Bajaj Finance Ltd. stated, “It’s our fixed endeavor to offer monetary companies protecting our clients at our core. Our partnership with DBS Financial institution for this co-branded bank card positions us A seamless buyer expertise. Our digital onboarding journey permits the shopper to avail SuperCard throughout all our digital properties and begin utilizing it immediately!
The Bajaj Finserv DBS Financial institution SuperCard, because the identify suggests, not solely provides numerous industry-first advantages throughout life-style, journey and membership classes, but in addition unique Bajaj Finserv ‘No-Value-EMI’ loans like cashback on down-payment Finserve additionally provides EMI Community advantages. and redemption of money factors in opposition to the identical. It additionally consists of the well being advantages of Bajaj Finserv. Combining all these collectively, this card is a transparent contender to be probably the most most well-liked card in our clients’ wallets.”
Sandeep Ghosh, Group Nation Supervisor, India and South Asia, Visa, stated, “As extra customers flip to bank cards for his or her each day and discretionary wants, they’re more and more on the lookout for quick access to credit score with actively curated advantages and privileges. search entry. The Bajaj Finserv DBS Financial institution SuperCard is designed to supply the most effective of each worlds. We’re excited to accomplice with DBS Financial institution as they launch their first bank card in India and we We’re assured that the cardboard’s distinctive worth proposition will enchantment to a big phase of Indian customers.”
Among the advantages are given beneath:
The SuperCard will probably be accessible in six variants with a welcome bonus of as much as 20,000 money factors. It will increase the shopper’s Money Factors as much as 10 occasions each month on reaching month-to-month milestone spend. Prospects may take pleasure in as much as 20X Instantaneous Money Factors after they spend by means of DBS Card+ cellular app and Bajaj Finserv app.
– Prospects can apply for the cardboard by means of all digital channels of Bajaj Finance Restricted from the consolation of their residence and get their paperless KYC performed on the identical day, enabling them to begin utilizing their card immediately.
– SuperCard permits clients to avail as much as 5% cashback (as much as INR 500 per transaction) on down fee of client sturdy loans at Bajaj Finance EMI Community shops.
– SuperCard permits clients to subscribe to numerous subscriptions like Disney Hotstar, Zomato Professional by means of DBS Card+ cellular app and rise up to 40% cashback within the type of Money Factors.
– Different card advantages embrace unique well being plans on Bajaj Finserv Well being that supply deeply discounted tele-consultations from physicians throughout India, airport lounge entry, interest-free money withdrawal as much as 50 days, gas surcharge waiver, and EMIs on bills Offers straightforward to transform. INR 2500. Ranging from
– Prospects may have entry to DBS Delights, an unique platform the place they will redeem money factors and avail curated provides throughout high manufacturers within the procuring, eating, journey and healthcare sectors.
By this partnership, DBS Financial institution India and Bajaj Finance goal to create a whole digital expertise and proposition for purchasers whereas catering to a big buyer franchise throughout the geographical distribution of Bajaj Finance Restricted.
Shares of Bajaj Finance Restricted final traded on BSE at Rs. 5878.70 as in comparison with the earlier shut of Rs. 6020.20. The entire variety of shares traded through the day stood at 29256 in over 4587 trades.
The inventory touched an intraday excessive. 5994.00 and intraday low 5835.00. Internet turnover through the day was Rs. 172301927.00.
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