Paisabazaar and RBL Bank have announced the introduction of their latest Co-created credit card Duet . Duet is a credit card that gives you cashback on purchases, as well as a line-of-credit from RBL Bank that allows for quick transfer of money into the bank account .
(India)-Gurugram (Haryana) (India)-December 8, 2017-Paisabazaar and RBL Bank today announced the introduction of their latest Co-created credit card Duet.Duet is a 2-in-1 product that seamlessly addresses two distinct customer needs.It's a credit card that gives you cashback on purchases, as well as a line-of-credit from RBL Bank that allows for quick transfer of money into the bank account.RBL Bank also has a RBL Bank line-of-credit card that makes it possible to transfer money into the bank account.On all online and offline purchases, the card provides a flat 1% cashback guarantee with no upper limit.
It will be part of Paisabazaars' neo-lending portfolio.Duet would replace Paisa On Demand (PoD) credit card on Paisabazaar, according to Utkarsh Saxena, RBL Bank's Head of Product-Credit Cards, said, We are excited to extend our credit offerings with this agreement.It would enable us to offer a higher Credit Card experience to customers, as well as a flexible lending service and a variety of value-added services, said Garav Aggarwal, Senior Director, Paisabazaar.Our alliance with RBL Bank is just the latest milestone in our journey, where we continue to improve our neo-lending strategy, which aims to add real value to our customers and the lending ecosystem.Paisabazaar is extending its neo-lending strategy to address specific innovation, supply, and production challenges within the industry. Paisabazaar is India's largest consumer credit marketplace, with a 51.4 percent market share (based on disbursements in Fiscal 2020, as per Frost & Sullivan), with 60 relationships with major banks, major NBFCs, credit bureaus, and fintech lenders to provide consumers with a large variety of lending products on its platform.Paisabazaar has also provided consumers with lifetime credit reporting and monitoring for free, from application to disbursal.Paisabazaar has received many industry accolades including the Fintech India Innovation Awards, Excellence in Consumer Lending at IAMAIs India Digital Awards, Excellence in Consumer Lending at Global Finance Magazine, Best Fintech Consumer Lender by India Fintech Forum, and Economic Times Most Promising Brand.This article has been prepared by.