Kunal Shah-backed banking platform Anq on Wednesday, January 17, announced the launch of a prepaid reward card, the X card powered by Rupay. The card empowers consumers to spend within their means while earning rewards in the form of digital gold and digital assets for each and every transaction, Anq said in a statement.
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The X card is a chip-enabled, contactless prepaid card that provides users with an inter-operable and multi-purpose payment solution across the country.
The card can be availed by customers upon signing up on the Anq banking platform.
Users of the X card can earn rewards ranging from 1-16% on every spend, and the rewards are market linked and uncapped.
Popular brand vouchers are available on Anq’s shopping section giving as high as 16% in bounties. Customers can load their X card at any given point with maximum ₹2 lakh for spends.
Anq is a fintech company co-founded by Ashish Khandelwal, Abhinav AV and Swagat Sarma.
It is backed by angels, including Kunal Shah of CRED, Ashish Sharma of Innoven Capital and investors such as Snow Leopard Capital. Anq offers prepaid cards that provide users with rewards in gold and digital assets for their everyday spending.
Anq's prepaid card services are available on merchants, including Swiggy, Zomato, Flipkart and Amazon, the company said.
(Edited by : Shoma Bhattacharjee)
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