Fibe, Axis Bank partner to launch India’s first numberless credit card: Check key features

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 fees and zero annual fees for a lifetime. This card will be available to Fibe’s existing 2.1 million+ customers, the lenders said.

Some of the other features of this card include access to four domestic airport lounges per year, a fuel surcharge waiver for fuel spends between Rs 400 and Rs 5,000 as well as the added advantage of Axis Dining Delights, Wednesday Delights, end-of-season sales, and RuPay portfolio offerings available across all their cards.

On this partnership with Axis Bank, Akshay Mehrotra, Co-Founder and CEO of Fibe said, “We aim to empower our users with a safe and secure payment ecosystem clubbed with the convenience of UPI payments thereby establishing a fresh benchmark in the credit card industry."

Already a leader in the personal loan for salaried professionals' segment, Fibe now ventures into the expansive credit card market. It raised $110 million in its Series D funding last year and is now widening its geographic reach and diversifying its offering. The fintech was recently titled the Best Startup in Fintech at the G20 Digital Innovation Alliance Mega Summit.