Business Wire India
Paisabazaar.com, India’s largest online lending marketplace, announced today that it has entered into a partnership with Bank of Baroda’s wholly owned subsidiary BOB Financial Solutions Limited (earlier known as Bobcards Limited) for its recently launched 5X Rewards Credit Cards. Along with Bank of Baroda’s 5,500 branches, 5X Rewards range of Credit Cards will now also be available online on Paisabazaar.com.

These new range of cards from BOB Financial offer benefits and rewards to different customer segments basis specific spend categories. All three cards in the 5X Rewards range of Credit Cards – Easy, Select and Premier – are available for customers on Paisabazaar.com. Easy carries 5X Rewards on regular spends like grocery, movies etc. Select provides 5X Rewards on categories like online spends, utilities and dining spends. Premier, targeted at premium customers, offers the 5X Rewards on dining, travel and international spends.

Naveen Kukreja, CEO& Co-founder, Paisabazaar.com, said, “At Paisabazaar.com, one of our biggest focus areas is to meet the credit needs of each customer segment coming to our platform. In line with this, we are delighted to partner with BOB Financial for their new range of Credit Cards that have been designed for specific customer segments.”

Sahil Arora, Head, Payment Products, Paisabazaar.com, said, “Our partnership with BOB Financial will help us further in meeting the credit needs of customers coming to the Paisabazaar platform and also, enable us to provide maximum value on their spends through the 5X Rewards Credit Cards.”

Rohit Chhibbar, National Head, Sales, BOB Financial, said, “Along with providing innovative and personalized products and services to our customers, we are also committed to enhancing our overall customer experience. By partnering with Paisabazaar.com, we have now made access to our 5X Rewards range of Credit Cards extremely convenient through a completely digital process.”

BOB Financial’s new range of cards also has features like no cost EMI, zero fuel surcharge and membership fees waiver basis annual spends.
About PaisaBazaar.com

Paisabazaar.com is India's largest online financial marketplace for loans and Credit Cards. It offers all a complete spectrum of lending and investment products for retail customers. Paisabazaar.com currently partners with more than 75 partners across lending and investment categories with 300+ products on offer. Since its inception in early 2014, the company has marked a staggering growth.

It is the only marketplace in India to disburse loans worth Rs 360 crore in a month to more than 450 cities and towns. The company is targeting a 3X growth and aims to cross Rs. 6000 crore annualized disbursal run rate by the end of this financial year. It plans to touch annualized disbursal of Rs 25000 crore by 2020.

The portal has been conferred with Economic Times “Best Fintech Brand” (2018) Economic Times “Best BFSI Brand" (2016), Money Tech “Startup of the Year” (2017) and Money Tech “Best Customer Experience Innovation” (2017) awards.

Paisabazaar is part of Policybazaar group, India's largest online insurance platform and has backing from host of investors including the likes of Temasek, Tiger Global Management, True North, InfoEdge (Naukri.com), Premji Invest, besides investments from other PE funds and family offices.