Axis Bank and Kiwi Join Forces to Offer Lifetime-Free Rupay Credit Cards Digitally
Kiwi, the fintech revolutionizing credit on UPI, has joined hands with Axis Bank to introduce a lifetime free virtual credit card through its app.
This innovative partnership allows users to make payments from the Kiwi app using the credit card at merchant outlets that exclusively accept digital payments via UPI QR code. Embracing the seamless integration of credit cards and UPI, customers can now enjoy the perks of credit card rewards along with the speed and security of UPI transactions.
- Double Edge Rewards and Cash Back: With the new virtual credit card, users gain two edge rewards for every Rs.200 spent. Additionally, customers receive a tempting 1% cash back on scan & pay transactions when using the credit card on UPI. This offers a win-win situation for users, combining the benefits of a credit card with the convenience of UPI transactions.
- Fuel Surcharge Waiver for Hassle-free Payments: Gone are the days of paying extra at petrol pumps when using a card. Kiwi’s virtual credit card partnered with Axis Bank brings a 1% fuel surcharge waiver, eliminating the extra burden on customers while fueling their vehicles.
- Kiwi’s Vision: A Million Users with UPI Credit Cards: Kiwi’s co-founder, Siddharth Mehta, envisions enabling one million users to access credit cards on UPI within the next 18 months. The partnership with Axis Bank is just the beginning, and Kiwi plans to forge additional banking partnerships in the future to achieve this ambitious goal.
- Axis Bank’s Innovation-led Partnership: Sanjeev Moghe, president & head of cards & payments at Axis Bank, emphasizes the bank’s commitment to driving access to formal credit in India through innovative offerings. The Axis KWIK virtual credit card, in collaboration with Kiwi, brings credit card rewards and the swift and secure payment experience of UPI to customers.
- UPI’s Broader User Base for Seamless Transactions: The widespread acceptance of UPI will undoubtedly boost credit card usage in India. Praveena Rai, COO of NPCI, highlights that the partnership between Axis Bank and Kiwi will provide secure and innovative payment options for online and offline transactions, benefiting a broader user base.
The Kiwi app, founded by experienced fintech experts and banking industry veterans, offers a groundbreaking solution that bridges the gap between credit cards and UPI. With a lifetime free virtual credit card from Axis Bank, users can now enjoy the best of both worlds – credit card rewards and the efficiency of UPI payments. Seamlessly manage your transactions through the Kiwi app and experience the convenience, security, and rewards that come with this innovative collaboration.