OneCard and Indian bank launch Credit card on RuPay & Visa networks | 1% forex fee

OneCard and Indian bank launch Credit card on RuPay & Visa networks | 1% forex fee:

Indian Bank has tied up with Maharashtra-based FPL Technologies, a pioneer in mobile-first, metal credit card solutions, to launch the ‘Indian Bank One co-branded credit card’.

Powered by RuPay and Visa, this card boasts of international validity with a 1% forex fee. It also provides curated offers and is lifetime free without any joining or annual fees, the public sector lender said in a statement.

Leveraging the Visa and RuPay platforms, these cards will be issued by Indian Bank and managed by FPL Technologies.

The co-branded credit card, aims to offer a range of features tailored to cater to the diverse needs of digitally savvy Indian consumers.

Enabled by the OneCard mobile app, the card provides users complete digital control over their credit card experience - from usage and rewards redemption to bill payment. This encompasses real-time tracking of transactions, managing expenses, converting purchases into EMIs, the RuPay credit card on UPI, redeeming rewards, planning monthly budgets, card usage controls, and facilitating smooth payments - all in-app.

“By offering the card on not one but two networks, we aim to introduce a new paradigm in credit accessibility and usability,” said Anurag Sinha, Co-founder & CEO of FPL Technologies.