PhonePe has announced a major strategic partnership with Utkarsh Small Finance Bank. As part of this partnership, the two companies have jointly launched the “Wish Credit Card.” This credit card can be applied for online through the PhonePe app.
This will enable millions of users to complete the application process quickly and easily from the comfort of their homes. The objective of this partnership is to make the services of PhonePe and Utkarsh Small Finance Bank accessible to all digitally savvy users across the country. The Wish Credit Card is designed to put the power of a credit card in the hands of every Indian.
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This is an unmatched combination, offering users the convenience of a credit card against the security of a fixed deposit. This card can be a great option for those who own a business, are homemakers, Gen Z customers who are first-time credit card holders, and those living in Tier 2 and 3 cities where credit card access is still very low.
Key features of the Utkarsh Small Finance Bank Wish Credit Card:
- 3% reward points on recharge and bill payments made through the PhonePe app.
- 1% reward points on shopping from select leading eCommerce brands.
- 1% reward points on all Scan & Pay transactions.
- Milestone benefit of 200 bonus reward points every month on spends of ₹15,000.
- Simple redemption: 1 reward point = ₹1.
Here, customers can easily get the ‘Wish Credit Card’ with a minimum deposit of just ₹2000, making it extremely affordable and accessible to all. Speaking on the partnership, Deep Agarwal, Head of Payments, PhonePe, said, “This partnership with Utkarsh Small Finance Bank is a huge step towards further strengthening our financial services ecosystem.
