Federal Bank and OneCard Ties Up for Mobile-First Credit Card

Federal Banks goal consumer base for this offering is younger working professionals aged between 23 and 35 years, as per the bank.
Sheena

Updated: Sep 25, 2021 01:50:49 pm

25 September 2021 Current Affairs:Federal Bank has announced a tie-up with OneCard for a mobile-first credit card that targets the country’s young, tech-savvy population. The launch comes ahead of the upcoming festive season as Federal Bank aims to cash in on client credit score demand, which is expected to top round the festive season on the lower back of financial revival.

Key Points:
♦ The credit score card will be issued by the OneCard app in under three minutes, as per the company, and can be activated and used immediately in digital structure till the card is delivered physically.
♦ Users can manipulate their cards through the app—from monitoring spends and rewards to placing transaction restrictions on the card and more.
♦ Federal Bank’s goal consumer base for this offering is younger working professionals aged between 23 and 35 years, as per the bank.
 
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