Indian Bank Collaborates with OneCard to Introduce Co-Branded Mobile-First Credit Cards

05 Sep, 2023

Indian Bank Collaborates with OneCard to Introduce Co-Branded Mobile-First Credit Cards

Indian Bank has forged a strategic alliance with OneCard to introduce cutting-edge, mobile-centric, contactless, co-branded metal credit cards. This groundbreaking collaboration was officially announced by OneCard in a recent press release.

OneCard is a unique metal credit card specifically tailored for mobile usage, jointly developed and managed by FPL Technologies in partnership with issuing banks. FPL Technologies, founded by Anurag Sinha, Rupesh Kumar, and Vibhav Hathi, boasts a profound background in banking and possesses extensive expertise in payment systems, credit, and the establishment and expansion of digital enterprises. FPL Technologies is on a mission to revolutionize the realms of credit and payments.

In their press statement, OneCard expressed their vision to provide tech-savvy individuals across the nation with an unparalleled and seamless credit consumption experience. Through this strategic partnership, users will gain complete digital control over their credit card interactions via an intuitive mobile app. This empowerment encompasses real-time transaction tracking, efficient expense management, EMI conversion, reward redemption, repayment facilitation, monthly budget planning, credit limit adjustments, and seamless in-app payments.

This international metal credit card leverages cutting-edge technology and boasts an array of meticulously curated features. Notably, it offers lifetime validity without any joining or annual fees. The card adheres to the principles of simplicity and transparency while empowering cardholders by enabling them to monitor and track all of their credit card transactions through a feature-rich mobile application.

Vikas Kumar, the Chief General Manager (Retail & MSME) of Indian Bank, emphasized the bank's commitment to embracing technological advancements and prioritizing the delivery of a smooth, digitally centered customer experience. The bank's reputation as a leading technology contributor within the banking sector underscores its dedication to fostering innovation. Indian Bank is actively engaging in partnerships with various fintech companies to offer state-of-the-art technology solutions to its customers. Their mission is to deliver the finest innovations and technologies, cater to the unique needs of each customer through diverse channels, provide value to stakeholders, and empower and engage their employees.

On the financial front, it's worth noting that on Monday, the share price of Indian Bank exhibited a 1.59% increase, closing at ₹383.15 per share on the BSE (Bombay Stock Exchange).