Punjab National Bank (PNB) announced a strategic partnership with Kiwi,a leading Credit on UPI platform,to introduce credit-enabled UPI payments to its 180 million customers.
The partnership marks the launch of the PNB Kiwi Credit Card,built on RuPay network, offering fully digital onboarding, seamless UPI integration, and best-in-class rewards. For Kiwi, a young fintech built entirely around Credit on UPI, this marks its first partnership with a public sector bank โ a significant validation of its platform and vision.
Speaking on the partnership, Executive Director Shri Bibhu Prasad Mahapatra said,"India is witnessing a rapid shift towards digital payments, led by the growth of the Unified Payments Interface (UPI). With over 10,000 branchesโ60% in semi-urban and rural regionsโwe are well positioned to extend formal credit to underserved segments.As RuPay credit cards gain momentum,our partnership with Kiwi marks a key step in enhancing financial flexibility and supporting everyday spending needs."
"This partnership reflects the trust of the nation's largest public sector bank in our journey to transform the way customers experience credit," said Siddharth Mehta, Co-founder, Kiwi. "Together, we aim to deliver a secure, flexible, and inclusive credit experience that strengthens access to formal credit nationwide."
Key features of the card:
1.5% real cashback on scan and pay (UPI) transaction
0.5% real cashback on online transactions
No Annual fee,No Joining Fee
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