Federal Bank launches contactless credit card

The paper comes with the lowest yearly percent rate, starting astatine 5.88% per annum, the slope said.

Federal Bank connected Monday launched the ‘Federal Bank RuPay Signet’ contactless recognition paper successful relation with the National Payments Corporation of India (NPCI) .

Virtually launching the card, Shalini Warrier, the bank’s enforcement manager & concern head- retail, said, “Federal Bank has, yet again, ensured that the mantra of ‘Digital astatine the fore, quality astatine the core’ comes to beingness via this latest offering, the RuPay recognition card.

This paper is besides a awesome of our beardown concern with NPCI, an entity known for innovation successful the retail payments space.” The paper comes with the lowest yearly percent rate, starting astatine 5.88% per annum, the slope said.

Praveena Rai, COO, NPCI, said, “… This paper has important imaginable to pull new-age customers arsenic it has a implicit bundle of benefits suiting their manner backed up with an innovative cashback scheme. At NPCI, for RuPay, we proceed to enactment towards offering a delightful and contactless buying acquisition to each our customers. We besides judge our relation with Federal Bank volition supply a wider penetration of RuPay contactless cards successful the country.”