YES Bank becomes the first lender to offer ‘ONDC Network Gift Card’

YES Bank on Wednesday, October 4, announced that it has become the first bank in the country to issue an 'ONDC Network Gift Card'. This marks a shift in the way India shops and aims to revolutionise the shopping experience for Indian consumers.

The ONDC Network Gift Card, issued in partnership with Open Network for Digital Commerce (ONDC), is at the forefront of democratising digital commerce. Unlike traditional gift cards, this concept empowers customers to utilise the gift card for purchasing products from any brand and any seller across a wide array of segments, including food, fashion, handicrafts, electronics, home essentials, health and wellbeing, the lender said.

The ONDC Network Gift Card is open for sponsorship and utilisation by corporate and individual customers, enabling them to extend thoughtful gestures to their customers, employees, or for their loved ones. This card leverages the Rupay network and offers the flexibility to load up to Rs 10,000.