Punjab National Bank (PNB) has partnered with fintech platform Kiwi to make digital payments easier for its nearly 180 million customers.
Kiwi is known for offering credit through UPI, and this partnership will help users access instant credit while making payments.
In simple terms, customers will now be able to pay via UPI even if they don’t have enough money in their bank account.
As part of this move, PNB is launching the PNB Kiwi credit card on the RuPay network, bringing credit and UPI together in one place.
Easy Payments with Cashback Benefits
The new card is fully digital and designed to work smoothly with UPI apps. This means users can make quick and hassle-free payments anytime.
Another big advantage is cashback. Customers can earn between 0.5% to 1.5% cashback on online transactions. So, along with convenience, users also get savings on their everyday spending.
No Fees and Fully Digital Process
Applying for this credit card is simple and completely online. There is no need for paperwork, and users can apply from home in just a few steps.
The best part is that the card comes with zero joining fee and no annual charges. This makes it a great option, especially for users looking for a low-cost credit solution.
Focus on Rural and Semi-Urban Growth
According to PNB Executive Director Bibhu Prasad Mahapatra, digital payments are growing fast in India, mainly due to UPI.
PNB has a strong network of over 10,000 branches, and about 60% of them are in rural and semi-urban areas.
Through this initiative, the bank aims to bring more people into the formal credit system, especially those who earlier had limited access to banking services.