The National Payments Corporation of India (NPCI) said on Wednesday that it has partnered with Yatra.com and SBI Card to launch a co-branded “Yatra SBI Card” on the RuPay network, especially for travel enthusiasts.
This vacation and shopping credit card includes travel benefits on booking flights and hotels that would be applicable 6 times a year, NPCI said in a statement.
Here are the benefits of the ‘Yatra SBI Card’:
-As a welcome gift, users of this card are entitled to Yatra.com vouchers worth Rs 8,250.
-The voucher can be used to book flight tickets, hotel reservations and more on Yatra.com.
– Using the new card, travelers will get 6 reward points per Rs100 spent on department stores, groceries, restaurants, movies, entertainment and international travel.
-The card comes with free air accident cover of Rs 50 lakh.
-It also offers a 1% fuel surcharge waiver to customers.
-There is also an additional feature of annual fee waiver if the customer spends more than Rs 1 lakh in a year using this card.
Commenting on the collaboration, Rama Mohan Rao Amara, MD and CEO, SBI Card said, “The launch of the Yatra SBI card on the RuPay platform is another step towards strengthening our wallet presence on the RuPay network… Due to RuPay’s extended reach, customers will be able to access a wider payment network, which will increase ease and convenience for them when traveling around the world. »
Praveena Rai, COO, NPCI said, “We are pleased to partner with Yatra, SBI Card and JCB to launch this contactless credit card on RuPay’s extensive network. We believe this card will become the ultimate travel companion for customers and provide a rewarding travel experience for millions of customers.”
“With its issuance and market share gradually increasing, we aim to have all major credit card issuers active on RuPay in the coming days,” she added.
Moreover, Manish Amin, co-founder and CIO – yatra said, “With the Yatra SBI card, travelers can enjoy welcome gift vouchers, travel benefits, reward points, among others. It will also include access to fee waivers, fuel surcharge waivers and free accident cover.”
Last month, NPCI announced that Nepal had become the first country to adopt India’s UPI system, which will play a pivotal role in transforming the neighboring country’s digital economy.
NPCI International Payments Ltd (NIPL), the international arm of NPCI, has partnered with Gateway Payments Service (GPS) and Manam Infotech to provide the services in Nepal.