Mumbai : Kotak Mahindra Bank (KMBL) and the National Payments Corporation of India (NPCI) today announced that they have joined hands to launch Kotak credit cards on the RuPay platform. In India’s 75th year of Independence, the first credit card to be introduced by KMBL on the RuPay network is the ‘Veer’ credit card, exclusively for the Armed Forces.
The Kotak RuPay Veer credit card is available in two variants. The Kotak RuPay Veer Platinum and Kotak RuPay Veer Select Credit Cards are specially designed to fulfil the needs of those who have dedicated themselves to the service of the nation, i.e. the armed forces of the country – Army, Navy, and Air Force. These contactless cards come with a zero joining fee and provide multiple exciting benefits to cardholders.
Ms. Praveena Rai, COO, NPCI said, “We are delighted to associate with Kotak Mahindra Bank for the issuance of RuPay credit cards. The Kotak RuPay credit card ‘Veer’ for the armed forces will provide a safe, rewarding and contactless shopping experience to our uniformed personnel and their families. We look forward to a long-term association with Kotak and together continue to curate customised RuPay cards suiting the needs and requirements of customers.”
Mr. Ambuj Chandna, President – Consumer Assets, Kotak Mahindra Bank said, “The RuPay payment network has witnessed phenomenal growth over the last few years and we are pleased to tie up with NPCI and launch Kotak credit cards on the RuPay platform. Our first offering together is also a very special one – the ‘Veer’ credit card designed exclusively for our Indian armed forces. The credit card industry in India is poised to grow exponentially and we are excited to begin a new partnership with RuPay, as we endeavour to meet the needs of the evolved Indian consumer.”
Some of the features and benefits of the Kotak RuPay Veer credit card on offer include fuel surcharge and railway surcharge waivers, card activation offer, annual fee waiver, an attractive rewards programme, and airport lounge access.