Axis Bank and Fibe (formerly known as EarlySalary) have recently partnered to launch India’s first-ever numberless credit card, according to a statement from Axis Bank.
The statement said that with a numberless credit card, customers get an added level of security as there is no card number, expiry date, or CVV printed on the card plastic. This reduces the risk of identity theft or unauthorised access to customer’s card details ensuring absolute security and privacy. Customers can access their Fibe Axis Bank Credit Card details on the Fibe app, giving them control over their information.
The card offers features like cashback of flat three per cent on online food delivery across all restaurant aggregators, local commute on ride-hailing apps and entertainment on online ticketing platforms. In addition, customers also get one per cent cashback on all online and offline transactions, the statement informed.
The card is powered by RuPay, which allows the customer to link this credit card to UPI. The card is accepted across all offline stores in addition to all digital platforms. It also offers the tap-and-pay feature for added convenience. Furthermore, this card has zero joining fee and zero annual fee for lifetime, it noted.
Sanjeev Moghe, President and Head – Cards and Payments, Axis Bank, said in the statement, “Axis Bank is a full-suite cards and payments player, and we continue to build on innovation-led partnership models. We are committed to drive access to formal credit in India with various offerings that benefit our customers. We are delighted to partner with Fibe in this market revolution, with an opportunity to serve an expanding customer base. This number-less Axis Bank card will prioritise the security of our customers while offering a robust financial solution that empowers the youth of our nation. Our over-arching banking strategy of being connected aims to foster inclusivity and enhance accessibility for the diverse and growing consumer segment.”
Some of the other features of this card include access to four domestic airport lounges per quarter, fuel surcharge waiver for fuel spends between Rs 400 and Rs 5,000 as well as the added advantage of Axis Dining Delights, Wednesday Delights, End of Season Sales, and RuPay portfolio offerings available across all their cards, mentioned the statement.
Akshay Mehrotra, co-founder and CEO, Fibe, also said in the statement, “We take pleasure in introducing India’s first number-less credit card, in association with Axis Bank. This exceptional card represents a significant stride in our commitment to offering secure and inclusive financial solutions to the ambitious youth of India. We aim to empower our users with a safe and secure payment ecosystem clubbed with the convenience of UPI payments thereby establishing a fresh benchmark in the credit card industry.”
