Context:
PhonePe and HDFC Bank have launched a co-branded credit card—marking PhonePe’s entry into the co-branded card segment.
Key Highlights:
- The card is issued on the RuPay network and is named:
- PhonePe HDFC Bank Co-Branded RuPay Credit Card.
- Designed for UPI-based credit card spending, especially within the PhonePe app ecosystem.
- Can be used seamlessly across UPI-enabled merchants in India.
Card Variants
- The credit card is available in two versions:
- ‘UNO’ and ‘Ultimo’
About PhonePe
- Founded: August 2016
- Users: Over 61 crore (610 million) as of April 2025
- Merchant Network: 4+ crore (40 million) digital payment acceptance points across India
- Former Name: PhonePe Private Limited (now PhonePe Limited)
