NPCI Debuts Co-branded Contactless Yatra SBI Credit Card On RuPay Network

On Wednesday, the National Payments Corporation of India (NPCI) announced a special co-branded 'Yatra SBI Card' on the RuPay network, in collaboration with Yatra.com and SBI Card. This holiday/shopping credit card will provide travellers and holiday enthusiasts with unforgettable travel benefits on airline and hotel bookings, which will be valid six times a year. Holders of this card will receive Yatra.com vouchers worth INR 8,250 as a welcome gift. They can use this voucher on Yatra.com to buy flight tickets, hotel reservations, and other services.

For Indian travellers, the card would give unrivalled travel, leisure, and shopping advantages. Travelers will get 6 reward points for every INR 100 spend on department stores, groceries, restaurants, movies, entertainment, and overseas travel when they use 'Yatra SBI Card'.

The card offers customers a complimentary air accident cover of INR 50 lakh as well as a 1% fuel surcharge waiver. If a customer spends more than INR 1 lakh on this credit card in a year, he or she will be eligible for an annual fee waiver.

Mr. Rama Mohan Rao Amara, MD & CEO, SBI Card said, "The launch of Yatra SBI Card on RuPay platform is another step towards strengthening our portfolio presence on the RuPay network. This card is one of the most compelling offerings from our robust travel card portfolio, designed to provide unmatched benefits to our customers. By virtue of RuPay's extensive reach, customers will be able to access a wider payment network, increasing ease and convenience for them as they globetrot."

Ms. Praveena Rai, COO, NPCI said, "We are glad to associate with Yatra, SBI Card and JCB to launch this contactless credit card on RuPay's expansive network. We believe this card will emerge as the ultimate travel companion for customers and offer a rewarding travel experience to millions of customers. It is great to witness RuPay progressively establishing itself as a modern, contemporary and youthful brand by offering customised value propositions backed up with its cutting-edge technology. With its issuances and market share gradually increasing, we aim to have all the key issuers of credit cards live on RuPay in the days to come."

Mr. Manish Amin, Co-Founder & CIO - yatra said, "In the digitized world, benefits from financial cards are essential for the consumers wherein benefits need to be diverse and should cover maximum requirements for them. At Yatra.com, over the years, we have been building to maximize and provide unmatched travel and holiday options for Indian travelers, which also take care of their medical and experiential benefits. With the Yatra SBI Card, travelers can avail welcome gift vouchers, travel benefits, reward points, among others. It will also include access to fee waivers, fuel surcharge waivers and complimentary accident coverage. With travel confidence building in the country, these benefits have been aligned with our partner company to provide consumers with value offerings at attractive price points catering to the demand."

NPCI via its Twitter handle has said "We are pleased to share that we have partnered with http://Yatra.com & SBI card to launch Yatra SBI Card co-branded contactless card on the RuPay platform, to provide travellers with exclusive travel benefits."