~Cashback
on online transactions from 0.5% upto 1.5%~
Mumbai: Punjab
National Bank (PNB), one of India’s leading public sector banks, announced a
strategic partnership with Kiwi, a leading Credit on UPI platform, to introduce
credit-enabled UPI payments to its 180 million customers.
As
part of the collaboration, the bank launched the PNB Kiwi Credit Card on
the RuPay network. The card offers fully digital onboarding, seamless
UPI integration, and competitive rewards such as cashback on online
transactions from 0.5% upto 1.5%, delivering a frictionless credit experience
to users.
Speaking
on the partnership, PNB 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 branches—60% in semi-urban and rural regions—we 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 one of nation's leading 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."