Paytm launches cobranded credit card with SBI on RuPay network

Paytm parent One 97 Communications announced on Thursday that it will partner with credit card issuer SBI Card to launch a cobranded Paytm SBI Card on the RuPay network.

RuPay is a card payment network under the National Payments Corporation of India (NPCI)

“India is at the cusp of the next payments revolution where credit will become the mainstream payment choice,” Vijay Shekhar Sharma, Paytm’s founder and chief executive, said in a release.