Bank of Baroda arm partners OneCard for a new mobile-first metal card

Mumbai: Bank of Baroda’s credit card arm has partnered FPL Technologies-owned start-up

OneCard

to launch co-branded mobile-first

metal credit cards

. The internationally card will be issued by

BFSL

and managed by

OneCard

on VISA’s

Signature platform

.

OneCard offers users complete control of the credit card on spends, rewards, limits and payments through the app. The features include lifetime validity, zero joining and annual fee, instant

virtual card

issuance, instant issuance of reward points, and redemption within the app. It also claims to have the lowest forex fee in the market at just 1%.

Speaking at the launch,

Shailendra Singh

, MD & CEO, BFSL said, “BFSL is currently on its transformation journey, investing in technology, processes and people. The mobile-first OneCard further bolsters our portfolio of offerings, especially for the young, tech-savvy generation and reinforces our commitment towards unique and differentiated offerings for our customers”

BFSL was established as BOBCARDS in 1994 by Bank of Baroda, to manage the cards business. BFSL issues and manages Bank of Baroda Credit Cards, and is committed to becoming one of the largest Credit Card issuers in the country.

According to Anurag Sinha, Co-founder & CEO, OneCard the pandemic has brought about a drastic shift in consumer sentiments driving a strong inclination towards easy digital payments solutions.