CSB Bank joins hands with OneCard and Mastercard to launch a new cobranded credit card

Strengthening its commitment towards customers to offer value-based product offerings, CSB Bank, one of the oldest private sector banks in India with a lineage of 100 years, in collaboration with Mastercard and OneCard has unveiled its first consumer credit card - CSB Bank Onecard- in India. The launch aligns with the bank's growth strategy and its vision to enhance customer experience with innovative digital banking solutions.

The co-branded credit card is a metal credit card loaded with rewards, privileges and best-in-class safety and security features. Customers can easily tap-and-pay through OneCard on all merchant outlets across the country and enjoy a 1% Forex rate when travelling abroad. With zero joining and annual fees, the card provides 5X rewards on the Top 2 spend categories every month. CSB customers will get to use a swanky, slick metal Credit Card without the hefty fees usually associated with them.

Commenting on the launch of the credit card, Mr. Pralay Mondal, MD & CEO, CSB Bank said, "CSB Bank is currently on a growth trajectory and our aim is to grow faster than the Industry. We are investing in technology and processes as we keep growing our customer base and expand our presence across the country. We are committed to offer best-in-class products to our growing customer base and are delighted to launch our first Credit Card product in partnership with OneCard and MasterCard. The mobile-first OneCard further bolsters our portfolio of offerings, especially for the young, tech-savvy generation and reinforces our commitment towards extending best-in-class consumer products and Banking solutions.

OneConsumer Services, which has created OneCard, aims to digitally revolutionize credit and payments in India. Mr. Anurag Sinha, Co-founder & CEO, OneCard said, "We are delighted to partner with CSB Bank, one of the most trusted private banks in India. At OneCard, we are re-imagining the credit card space by focusing on two key aspects: efficiency and transparency, by giving complete control back to our customers through a world-class, mobile first, seamless digital experience. We are excited about this partnership and look forward to reaching new untapped audiences."

Mukul Sukhani, SVP, Mastercard, said, "Mastercard is thrilled to partner with CSB Bank and OneCard to launch the CSB Bank Onecard Co-Branded Credit Card. This launch is yet another testimony to Mastercard's commitment to developing digital first, differentiated and enriching payment experiences for Mastercard cardholders. We look forward to playing an important role in CSB Bank's digital transformation journey and serving the new age customers." Reimagined for the mobile generation, the card is an internationally valid credit card managed by FPL Technologies Pvt. Ltd. and issued by CSB Bank.

Shares of CSB Bank Limited was last trading in BSE at Rs. 228.05 as compared to the previous close of Rs. 247.55. The total number of shares traded during the day was 86957 in over 2594 trades.

The stock hit an intraday high of Rs. 247.60 and intraday low of 223.10. The net turnover during the day was Rs. 20711322.00.

Source : Equity Bulls

Keywords

CSBBank INE679A01013 Mastercard OneCard India