Axis Financial institution, Indian Oil launch co-branded bank card for cashless funds


New Delhi: Axis Financial institution on Tuesday introduced the launch of co-branded bank card in partnership with Indian Oil Company Ltd (IOCL).

The co-branded card is for patrons preferring cashless and hassle-free funds, Axis Financial institution mentioned in a launch.

This partnership is an effort from Axis Financial institution and IOCL to broaden their presence within the fast-developing bank card ecosystem in India, with an intention to supply enticing rewards and advantages for its clients, it mentioned.

Prospects will have the ability to get advantages similar to cashback as much as 250 on gasoline purchases inside first 30 days of card issuance, 20 instances accelerated reward factors on gasoline spends at IOCL shops in addition to waiver of gasoline surcharge.

Moreover, clients can avail advantages like 5x accelerated reward factors on on-line buying, 10% on the spot low cost on film ticket bookings by way of BookMyShow, whereas additionally incomes edge factors for each spend.

“The tie-up with Axis Financial institution for co-branded bank card will usher a relationship amongst the 2 industrial conglomerates, and improve buyer comfort in tier-II and III cities. This initiative will promote digital funds, working in direction of the federal government’s imaginative and prescient of a Digital India,” Vigyan Kumar, government director (retail gross sales), Indian Oil Company Ltd, mentioned.

The co-branded card will supply unique rewards that can attraction to clients throughout India, mentioned Sanjeev Moghe, government vice-president, head (playing cards and funds), Axis Financial institution.

The shopper can use the cardboard throughout all 27,000 Indian Oil shops, Axis Financial institution mentioned.

This story has been printed from a wire company feed with out modifications to the textual content.

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