Axis Bank gains on partnering with Fibe to launch India`s first numberless credit card
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
Axis Bank is currently trading at Rs. 1015.00, up by 2.60 points or 0.26% from its previous closing of Rs. 1012.40 on the BSE.
The scrip opened at Rs. 1018.00 and has touched a high and low of Rs. 1025.60 and Rs. 1012.10 respectively. So far 64236 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1047.45 on 20-Sep-2023 and a 52 week low of Rs. 774.55 on 11-Oct-2022.
Last one week high and low of the scrip stood at Rs. 1025.60 and Rs. 988.40 respectively. The current market cap of the company is Rs. 312127.11 crore.
The promoters holding in the company stood at 8.19%, while Institutions and Non-Institutions held 81.91% and 9.91% respectively.
Axis Bank and Fibe (formerly known as EarlySalary), India’s leading Fintech, have 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 reduces the risk of identity theft or unauthorised access to customer's card details ensuring absolute security and privacy. Customers can easily access their Fibe Axis Bank Credit Card details on the Fibe app, giving them complete control over their information.
The power-packed co-branded credit card offers industry-best features like cashback of flat 3% on online food delivery across all restaurant aggregators, local commute on leading ride-hailing apps and entertainment on online ticketing platforms. In addition, customers also get a 1% cashback on all online and offline transactions. 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.
Axis Bank is the third largest private sector bank in India. The bank offers the entire spectrum of services to customer segments covering Large and Mid-Corporates, SME, Agriculture and Retail Businesses.
