Correct Answer : National Payments Corporation of India (NPCI)
Punjab National Bank (PNB) and Patanjali Ayurved Limited (PAL) have launched co-branded contactless credit cards in partnership with the National Payments Corporation of India (NPCI) on Monday(31st Feb 2022). The co-branded credit cards are offered on the NCPI’s RuPay Platform and are available in two variants—PNB RuPay Platinum and PNB RuPay Select. PNB RuPay Platinum and PNB RuPay Select card-holders will receive a welcome bonus of 300 reward points on activation.
Platinum and Select cards come with an attractive insurance cover of 2 lakh and 10 lakh, respectively for Accidental Death and Personal Total Disability.
Acharya Balkrishna, managing director of Patanjali Ayurved Limited, said, “The synergies of this partnership will help accelerate the adoption of digital payments, especially among users in deeper Tier-2 and Tier-3 markets. Other than the attractive benefits, the most important feature is the interest-free purchases of Patanjali products for 20-50 days.”
Source : Free Press Journal