Fibe, (formerly known as EarlySalary), a fintech company and Axis Bank, one of the largest private sector banks in India, has partnered to launch India’s first-ever numberless credit card for tech-savvy Gen Zs. With a numberless credit card, customers get an added level of security as there is no card number, expiry date or CVV printed on the card plastic. This claims to reduce the risk of identity theft or unauthorised access to customer’s card details ensuring absolute security and privacy.
The Offers Claim
The card is powered by RuPay, which allows the customer to link this credit card to UPI. The card is accepted across all offline stores in addition to all digital platforms. It also offers the tap-and-pay feature for added convenience. Furthermore, this card has zero joining fee and zero annual fee for lifetime. This card will be available to Fibe’s existing 2.1 million+ customers, said the company in an official release.
Some of the other features of this card include access to four domestic airport lounges per year, fuel surcharge waiver for fuel spends between INR 400 and INR 5,000 as well as the added advantage of Axis Dining Delights, Wednesday Delights, End of Season Sales, and RuPay portfolio offerings available across all their cards.
About the Partnership
On this partnership with Axis Bank, Akshay Mehrotra, Co-Founder and CEO of Fibe said, “We take great pleasure in introducing India’s first numberless credit card, in association with Axis Bank. We aim to empower our users with a safe and secure payment ecosystem clubbed with the convenience of UPI payments thereby establishing a fresh benchmark in the credit card industry.”
Sanjeev Moghe, President and Head, Cards & Payments of Axis Bank, has asserted that the numberless Axis Bank card will prioritize the security of our customers while offering a robust financial solution that empowers smart and ambitious youth of our nation.
Speaking of the partnership, Moghe added, “We are delighted to partner with Fibe in this ground-breaking market revolution, with an opportunity to serve an expanding customer base. Our overarching banking strategy of being connected aims to foster inclusivity and enhance accessibility for the diverse and growing consumer segment.”
About Fibe
Fibe currently ventures into the expansive credit card market. As per the release, the company has raised INR 916 crore in its Series D funding last year and now is planning to widen its geographic reach and diversify its offering. The fintech company was recently titled as the ‘Best Startup in Fintech’ in G20 Digital Innovation Alliance Mega Summit.
