Bank of Maharashtra partners with NPCI to launch Contactless Credit Card
By Leandra Monteiro
Bank of Maharashtra (BoM) joins hand with National Payments Corporation of India (NPCI) to launch its first credit card on the homegrown card payment network, RuPay. The BOM Platinum RuPay Contactless Credit Card has been specially curated with a range of benefits suiting the requirement of the customers. As part of the welcome benefit, users of this card will get 100 reward points on their first retail spends worth INR 1000 or more.
The BoM Platinum RuPay Contactless Credit Card comes with the card liability cover wherein customers will have zero liability post reporting of fraud. They will also be protected against card counterfeiting card skimming and other online frauds as part of this cover. Additionally, this card offers a fuel surcharge waiver of upto Rs. 200 for fuel transactions worth between INR 500-4000, across all fuel stations in the country.
The users of BOM Platinum RuPay contactless credit card will have an option to convert all their eligible transactions of INR 5000 and above, into easy EMIs as per their preferred tenures. They just need to simply choose EMI option in the credit card self-care portal of the bank. The BOM Platinum RuPay Contactless Credit Cardholders are also entitled to a complimentary annual membership fee for the first year. If the customers spend more than INR 30000 in a year, the annual charges will be waived off for the second year onwards.
Apart from earning 1 reward point for every INR 100 spent, customers using this card will also get access to domestic airport lounges as well as a free add-on card.
A S Rajeev, Managing Director & CEO, Bank of Maharashtra said, “Bank of Maharashtra is committed to extend new age Banking convenience to our Customers with enhanced digital experience. Now Bank is launching Rupay Platinum contactless credit card with NPCI on homegrown Rupay Card Network. We envisage to fulfil the ever evolving customer needs by exploring new avenues while adding to our customer delight. This will also add fillip to our indigenous financial services in days to come.”
Praveena Rai, COO, NPCI said, “Bank of Maharashtra is among the major public sector banks in the country and we are happy to collaborate with them to launch BOM Platinum RuPay Contactless Credit Card. The credit card will offer customers a seamless and delightful purchasing experience. We believe our association with Bank of Maharashtra will aid wider penetration of RuPay contactless credit cards in the country.”
IBSi Daily News Analysis
March 22, 2023
Bank of Maharashtra
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