BOBCARD Limited (formerly known as BOB Financial Solutions Limited, and a wholly-owned subsidiary of Bank of Baroda), and National Payments Corporation of India (NPCI) announced the launch of Corporate Credit Card on RuPay Network on Wednesday, February 14.

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This makes BOBCARD the second credit card issuer in the ecosystem (after IndusInd Bank) to have corporate credit card on RuPay with a host of benefits for the corporates for varied use cases and convenience of linkage with UPI through any UPI-enabled app.

BOBCARD Corporate Credit Card on RuPay network: Benefits

* The cardholders can look forward to a luxurious travel experience, including complimentary lounge access and fuel surcharge waiver. 

* The Corporate Credit Card also has complimentary personal accidental death insurance cover for its cardholders. 

* It offers attractive rewards program for various business transactions.

Speaking on the announcement, Ravindra Rai M, Deputy Managing Director, BOBCARD Limited, said: “We are happy to launch our Corporate Card on the RuPay network. This launch further deepens our partnership with NPCI, and brings the convenience of UPI transactions to our Corporate customers. I am sure that our valuable customers will find a well-designed and relevant payment instrument in the form of their BOBCARD RuPay Corporate Card. We look forward to catering to the Travel & Entertainment (T&E) and other payment needs of our Corporate customers.”

Commenting on the launch, Praveena Rai, Chief Operating Officer, NPCI, said, "We are delighted to collaborate with BOBCARD Limited in launching its Corporate Credit Card on the RuPay network. This initiative empowers cardholders with the convenience of UPI-enabled corporate credit cards coupled with enticing rewards. Moreover, this development will further enhance credit card penetration in the country, thereby contributing to the overall growth and development of the economy."