Paytm partners with SBI Card and NPCI to launch Paytm SBI Card on RuPay

Paytm’s parent company One97 Communications Ltd has partnered with SBI Card and the National Payments Corporation of India (NPCI) to launch the Paytm SBI Card on the RuPay network. The cardholders will get discounts on transactions through the Paytm mobile app using the card.

“Cardholders receive a cashback of 3 per cent on Paytm SBI Card on booking movie and travel tickets on the Paytm app, 2 per cent cashback on all other purchases on Paytm App, and 1 per cent cashback on spends elsewhere,” the company said.

Earlier this year, the Reserve Bank of India (RBI) allowed users to link RuPay credit cards to the United Payments Interface (UPI).