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Tag: RBL Bank

  • Paytm and RBL Bank band together to supercharge merchant payments

    Paytm and RBL Bank band together to supercharge merchant payments

    MUMBAI: Cash? So last decade. Paytm has joined forces with RBL Bank to make digital payments even smoother, smarter, and—dare we say—unavoidable. With this powerhouse partnership, RBL Bank’s merchant network will now have access to Paytm’s pioneering soundbox and advanced card machines, making transactions faster, easier, and, most importantly, 100 per cent cashless.

    Paytm’s soundbox has already revolutionised in-store payments by offering instant audio confirmations for every transaction. But the innovation doesn’t stop there. The NFC Card Soundbox takes it a step further, allowing tap and pay transactions using debit and credit cards—yes, even for international tourists. Say goodbye to the days of customers fumbling for exact change.

    The Paytm Card Machines (EDC devices) give merchants even more flexibility by accepting UPI, Rupay credit card on UPI, UPI lite, debit cards, credit cards, and even EMI options from leading banks. And in case you were wondering, the soundbox supports 11 languages because, let’s face it, digital payments should be accessible in every tongue.

    Merchants using Paytm’s technology get access to the Paytm for Business Dashboard, a game-changer that allows them to track transactions in real-time and enjoy instant settlements. More transparency. More control. Less waiting around.

    “Our goal is to simplify payments for merchants by providing cutting-edge solutions that enhance efficiency and trust. Partnering with RBL Bank allows us to expand the reach of our pioneering Soundbox and card machines, ensuring businesses of all sizes can accept digital payments with ease. With instant settlements, EMI options, and diverse payment methods, we continue to innovate and support businesses in their digital growth journey,” said Paytm CBO – offline payments Ripunjai Gaur.

    From L to R: Paytm CBO – offline payments Ripunjai Gaur; RBL Bank president & head - branch banking & retail liabilities Narendra Agrawal

    “We are pleased to collaborate with Paytm to offer merchants on our network with advanced and innovative online payment solutions. This partnership aligns with our vision of enabling seamless, secure, and efficient transactions. With innovative offerings like Tap and Pay-enabled NFC Card Soundbox and feature-rich Paytm Card Machines, we are committed to supporting businesses in their digital transformation journey,” said RBL Bank president & head – branch banking & retail liabilities Narendra Agrawal.

    This isn’t just a partnership—it’s a digital revolution for businesses looking to ditch cash and embrace the future of payments. With secure, seamless, and instant payment solutions, merchants across the country can streamline transactions and scale their businesses with confidence.

    So, is cash finally dead? Not yet. But with Paytm and RBL Bank leading the charge, it might just become an endangered species.

  • Paytm to provide RBL & its partners digital payment solutions

    Paytm to provide RBL & its partners digital payment solutions

    MUMBAI: Indian fintech giant Paytm has struck a partnership with RBL Bank to provide its signature Soundbox devices and card machines to the bank’s merchant partners, the companies announced today.

    The collaboration aims to boost digital payment adoption across RBL Bank’s merchant network by leveraging Paytm’s technology infrastructure. Merchants will gain access to the Paytm for Business dashboard, enabling real-time transaction monitoring and instant settlement services.

    Paytm’s payment solutions support multiple transaction methods, including UPI, RuPay credit card on UPI, UPI Lite, and traditional debit and credit cards. The systems also offer EMI options from leading banks, providing flexibility for both merchants and customers.

    The company’s Soundbox devices, which revolutionised in-store digital payments with instant audio confirmations, have been expanded to include NFC Card Soundbox technology. This allows customers to make ‘Tap and Pay’ transactions at small shops and supports payments from international tourists using global cards.
    “Our goal is to simplify payments for merchants by providing cutting-edge solutions that enhance efficiency and trust,” said Paytm chief business officer for offline payments Ripunjai Gaur.

    RBL Bank head of branch banking and retail liabilities Narendra Agrawal added: “This partnership aligns with our vision of enabling seamless, secure, and efficient transactions. We are committed to supporting businesses in their digital transformation journey.”

    Paytm has been expanding its service offerings with user-centric innovations, including UPI Lite for small-value transactions and international UPI payments in countries where UPI is accepted, such as the UAE, Singapore, France, and several neighbouring nations.

  • RBL Bank appoints chess grandmaster D Gukesh as brand ambassador

    RBL Bank appoints chess grandmaster D Gukesh as brand ambassador

    Mumbai: RBL Bank, one of India’s leading private sector banks, proudly announces the appointment of Indian chess prodigy D Gukesh as its brand ambassador. At just 18 years old, Gukesh exemplifies boldness, innovation, and strategic brilliance—values that mirror RBL Bank’s commitment to helping customers achieve their financial goals.

    Gukesh, the youngest-ever contender for the World Chess Championship and the third-youngest grandmaster to surpass a chess rating of 2700, is set to challenge reigning world champion Ding Liren this week in Singapore (23 November–13 December 2024). His journey from prodigy to global competitor embodies the spirit of thoughtful planning and excellence that RBL Bank brings to its customers.

    RBL Bank, MD & CEO, R Subramaniakumar said, “In life,  as in chess, every move counts – and at RBL Bank, we understand the importance of helping our  customers make the right financial moves. Partnering with Gukesh is a perfect strategic alignment for  us, as his exceptional ability to think several moves ahead mirrors our approach to thoughtful financial  planning. His journey from a prodigy to a grandmaster reflects the kind of strategic excellence we aim  to bring to our customers’ financial lives. RBL Bank family and RBL Bank customers extend our heartfelt wishes for Gukesh’s victory at the World  Chess Championship 2024.”

    Expressing his enthusiasm, Gukesh shared, “This partnership with RBL Bank represents a  significant move in my journey. The Bank’s approach to helping customers align their financial goals  with precision and foresight reminds me of a winning strategy. Their commitment to building customer  wealth with stability through innovative solutions shows the same level of strategic thinking that chess  demands. I am excited to partner with an institution that understands that success, whether in chess  or in financial planning, comes from thinking ahead and making wise moves at the right time.” 

  • RBL Bank launches #FurtherAndBeyond campaign with IndianOil and Mastercard

    RBL Bank launches #FurtherAndBeyond campaign with IndianOil and Mastercard

    Mumbai: RBL Bank, in partnership with IndianOil and powered by Mastercard, launched the IndianOil RBL Bank XTRA credit card, accompanied by the ground-breaking #FurtherAndBeyond campaign. This initiative is designed to position the card as a champion of mobility, addressing the challenges of rising fuel costs that impact daily commutes and occasional getaways. The card targets individuals who are constantly on the move and seeking new experiences, presenting itself as an enabler for worry-free travel.

    What sets this launch apart within the BFSI (banking, financial services, and insurance) sector is its innovative approach to blending financial services with experiential marketing. The campaign’s theme, ‘Further & Beyond,’ embodies the spirit of exploration and pushing boundaries. To promote the card, social media influencers known for their passion for travel, embarked on a thrilling 750 km road trip from Chandigarh to Leh-Ladakh, documenting their journey and showcasing the card’s real-time benefits at various petrol stations and pit stops. The journey was extensively documented and shared on social media, showcasing the card’s real-time benefits and its role in enhancing the travel experience. So far, over 150 plus content pieces have been created, reaching an audience of 20 million as part of this campaign.

     

    The one-of-its-kind launch event, set against the stunning backdrop of the Himalayas, embodied the theme of exploration and discovery. The celebration featured traditional Ladakhi performances that enriched the experience by immersing attendees in the region’s vibrant cultural heritage. Leaders from RBL Bank, IndianOil, and Mastercard elaborated on the card’s vision and inspiration. The grand unveiling of the card, inspired by the symbolic significance of Buddhist prayer wheels, underscored themes of prosperity and new beginnings.

    This spectacular product launch serves as a reminder of how the card is always ready to fuel your next journey with significant cashbacks and benefits, turning each ride into an adventure. The #FurtherAndBeyond campaign reflects the bank’s dedication to unveiling new travel possibilities and rewards. This initiative reaffirms their commitment to innovation, inspiring the spirit of freedom and exploration to chase new horizons.

  • RBL Bank & BookMyShow signs agreement to launch ‘Play’ credit card

    RBL Bank & BookMyShow signs agreement to launch ‘Play’ credit card

    Mumbai: After the successful launch of Fun Plus in 2016, RBL Bank and BookMyShow have once again joined hands to cement their long-standing partnership further by bringing a new credit card, ‘Play,’ to take the entertainment quotient for Indian audiences several notches higher.

    ‘Play’ will be available to selected customers on BookMyShow. It will give them access to lucrative offers on transactions across movies, live entertainment offerings (online and offline), as well as binge-watching movies and TV series on its streaming platform by renting or buying a title, while enjoying benefits with every purchase made.

    Consumers will be able to track the entire journey from application to delivery of the ‘Play’ credit card on BookMyShow, with real-time updates enabled within the platform.

    The launch of the ‘Play’ credit card in partnership with BookMyShow gives RBL Bank a fillip to their efforts to remain closely associated with a vast, young, digitally-savvy, spending consumer base across industries including media & entertainment, food & beverages, and consumer-facing brands in line with the demographic of the BookMyShow audience.

    With ‘Play,’ RBL Bank will be able to reach BookMyShow’s wide base of 200 million monthly customer visits and five billion monthly page views, offering unmatched experiences to India’s entertainment-seeking audience.

    Apart from the core entertainment offerings, ‘Play’ owners will also be able to avail varied offers on brands including boAt, Myntra, WOW Momos, Archies, Cookie Man, Ixigo, and Eat Sure listed within the F&B section of BookMyShow.

    Commenting on the partnership, BookMyShow head of partnerships & revenue Samradha Tibrewala said, “Credit cards have been amongst the strongest, most pervasively used modes of transaction for millions of customers on BookMyShow and so the idea was to deepen our existing partnership with RBL Bank towards an offering that enables users to get the most out of their preferred mode of transaction on our platform with an added special layer for all their entertainment needs. Coupled with the festive season ahead, the avenues for discovery-led transactions are multi-fold for BookMyShow consumers, making the availability of the ‘Play’ credit card extremely timely and strategic, enabling users to eke out maximum bang for their buck. The ‘Play’ credit card makes a significant contribution to increasing our shared reach and helping one of India’s foremost banks reach out to a larger cohort of young and digitally-savvy audiences through BookMyShow. We look forward to many more such collaborative innovations to bring the best of experiences for an entertainment-loving India.”

    Speaking on the launch of the ‘Play’ credit card, RBL Bank credit cards head product Utkarsh Saxena said, “With covid-19 restrictions now a thing of the past, customer spending on movies, events, food and beverages, and other entertainment avenues is on the rise again. We hope to capitalise on this opportunity and enhance our versatile product portfolio. Our partnership with BookMyShow for the launch of the ‘Play’ credit card is a step in that direction as it gives us exclusive access to India’s young and tech-savvy entertainment audiences to stay relevant with the times.”

  • Practo and RBL Bank launch India’s first health-focused credit card

    Practo and RBL Bank launch India’s first health-focused credit card

    MUMBAI: RBL Bank, one of India’s fastest growing private sector banks and Practo, India’s leading digital healthcare platform, have partnered to launch a co-branded credit card, powered by Mastercard. This Industry-first credit card, is available starting today, on both Practo and RBL mobile apps and websites.

    In a world where people are increasingly busy to pay attention to their day-to-day health needs, this is an innovative step to encourage users to think health-first on a daily basis. The card is designed to cater to customers in both metros and non-metro cities, through Practo and RBL Bank’s extensive customer base that spans across the country. With benefits like unlimited online consultations with doctors 24*7, users are guaranteed that there is an experienced qualified doctor available to them whenever there is a need – instead of relying on self-diagnosis or advice from friends and relatives.

    The benefits of RBL Bank Practo Plus credit card include:

    Unlimited online consultations with doctors 24*7 for 1 year
    One free full body health check-up
     For every Rs. 100 spent on this card, cardholder earns 1 Practo HealthCash
    HealthCash can be used while availing Practo services like ordering medicine, tests, online consultations (1 Healthcash = 1 Rupee)

    The moment the credit card is issued, a Practo health plan account gets created on Practo app. The cardholders need to login with their registered mobile number to access this plan under the "MyHealth Plan" section on Practo. The card also offers two complimentary domestic airport lounge access every quarter.

    At the launch of the card, Harjeet Toor, Head – Retail, Inclusion & Rural Businesses, RBL Bank, said, “We are delighted to enter into a partnership with Practo and launch a card that prioritizes good health and well-being. The partnership is a perfect example of how two diverse industries can come together to offer a compelling value proposition for customers. Healthcare is a largely untapped segment and this partnership will be a great opportunity for the Bank and Practo to leverage on each other’s strength to capture the market and offer customers a one-of-a-kind health card with exciting offers. The Bank’s credit cards business has performed extremely well this year and with this partnership we look forward to strengthen our business further by entering a new market segment.”

    Commenting on the partnership, Tarun Bhambra, VP & Business Head, Practo, said: “We are delighted to partner with RBL Bank for launching a new credit card that is focused on making healthcare more affordable for consumers. We all have regular spends on appointments, medicine and diagnostic tests. This card gives a unique ability to consumers to use their regular spends for household expenses for subsidizing their monthly health spends on Practo platform. At Practo, it's our constant endeavor to make healthcare simpler, more accessible and affordable. This card is one step towards achieving this vision.”

    Digital healthcare market is on a tremendous uptake in India and is expected to reach $372 bn by 2022. Practo is currently the only platform in the country that lets patients manage their healthcare needs end-to-end. It provides a single platform that helps patients meet all their healthcare requirements at one go – from finding the right doctor to booking an appointment, online doctor consultation, getting lab tests done and medicines delivered. The company also enables doctors to digitise their medical practice management – lowering practice management burdens and increasing efficiency – extend their reach and visibility to patients, and even establish credibility through a digital presence complete with details of practice history, qualifications and documented patient experiences.