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BOBCARD rolls out Corporate Credit Card on RuPay network

By Gloria Mathias

February 16, 2024

  • Bank of Baroda
  • BOBCARD
  • Card Payments
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BOBCARD, NBFC, Corporate Credit cards, Bank of Baroda, Fintech News, Fintech Cards, Card Payments, Card Transactions, NPCI, UPI Payments, Digital Payments, BOBCARD, a wholly owned subsidiary of Bank of Baroda, and the National Payments Corporation of India (NPCI) have announced the launch of a Corporate Credit Card on the RuPay Network. This UPI-enabled credit card offers a host of exclusive rewards and benefits to corporate clients.

The card comprises a plethora of benefits for corporates including varied use cases and the convenience of linkage with UPI through any UPI-enabled apps. The cardholders can look forward to a luxurious travel experience, including complimentary lounge access and a fuel surcharge waiver.

The Corporate Credit Card also has complimentary personal accidental death insurance coverage for its cardholders. The attractive rewards program further makes this credit card a valuable financial solution for various business transactions.

Ravindra Rai M, Deputy Managing Director, BFSL, said, “We are happy to launch our corporate card on the RuPay network. This launch further deepens our partnership with NPCI and brings the convenience of UPI transactions to our corporate customers. I’m sure that our valuable customers will find a well-designed and relevant payment instrument in the form of their BOBCARD RuPay Corporate Card. We look forward to catering to the travel & entertainment (T&E) and other payment needs of our corporate customers.”

Commenting on the launch, Praveena Rai, Chief Operating Officer, NPCI, said, “We are delighted to collaborate with BOBCARD Limited in launching its corporate credit card on the RuPay network. This initiative empowers cardholders with the convenience of UPI-enabled corporate credit cards coupled with enticing rewards. Moreover, this development will further enhance credit card penetration in the country, thereby contributing to the overall growth and development of the economy.”

BOBCARD (formerly known as BOB Financial Solutions Limited) was established in 1994. It is a NBFC, wholly owned by the Bank of Baroda. The company’s primary business is credit cards, with its key differentiator being simple, easy-to-understand products that are priced, efficiently serviced, and can easily be availed through a digital-all application process.

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