In a move aimed at strengthening digital payment access, state-owned Punjab National Bank (PNB) on Wednesday announced a strategic partnership with Kiwi, a leading credit card on UPI platform, to bring credit-enabled UPI payments to its 180 million customers.
Under this collaboration, the bank will introduce the PNB Kiwi Credit Card on the RuPay network, according to an official statement.
The card will feature fully digital onboarding and seamless integration with UPI. It will also offer cashback on all online transactions, ranging from 0.5% to 1.5%, ensuring a smooth and convenient credit experience for users.
Speaking on the development, PNB Executive Director Bibhu Prasad Mahapatra said, “India is witnessing a rapid shift towards digital payments, led by the growth of the Unified Payments Interface (UPI). With over 10,000 branches—60% in semi-urban and rural regions—we are well positioned to extend formal credit to underserved segments.
As RuPay credit cards gain momentum, the partnership with Kiwi marks a key step in enhancing financial flexibility and supporting everyday spending needs,” he added.
Also read: Viksit Workforce for a Viksit Bharat
Do Follow: The Mainstream LinkedIn | The Mainstream Facebook | The Mainstream Youtube | The Mainstream Twitter
About us:
The Mainstream is a premier platform delivering the latest updates and informed perspectives across the technology business and cyber landscape. Built on research-driven, thought leadership and original intellectual property, The Mainstream also curates summits & conferences that convene decision makers to explore how technology reshapes industries and leadership. With a growing presence in India and globally across the Middle East, Africa, ASEAN, the USA, the UK and Australia, The Mainstream carries a vision to bring the latest happenings and insights to 8.2 billion people and to place technology at the centre of conversation for leaders navigating the future.
