Latest current affairs · 4–5 Oct
Enrol · ₹3,500
Latest current affairs4–5 Oct
Free live webinar · NABARD Grade A 2026: what the 2025 cut-offs changed, and the 60-day plan · Sun, 11 Oct at 7:30 PM ISTJoin free
Skip to content

PhonePe Enters Co-Branded Credit Card Market with HDFC Bank Partnership

1 min read
RBI Grade BNABARD ESISEBI
In one line

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

“RBI MPC Unpacked: Key Theory Meets Today’s Macro Trends”Tap to play · from the C4S channel

More on this exam

  • 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)
Free · RBI Grade B Want the free material for your exam?

ESI-FM notes, the monthly current affairs PDF and essay topics — all free, on WhatsApp.

Only study material and course updates. No spam.

Related on Clarity 4 Sure

WhatsApp