KreditBee aims to issue over 1 million cards by March next year

Asia's Tech News Daily

#credit card, #KreditBee Card, #Madhusudan Ekambaram

KreditBee Card Sample. | Representative image

Digital lending platform KreditBee on October 18 announced that it has issued over 1,00,000 cards. With this, KreditBee has become one of the fastest players in the country to cross the milestone, that is, within 60 days of its launch. It aims to expand the portfolio by issuing over 1 million ‘KreditBee Cards’ by March 2022.

Among the cardholders, 75 percent are from metros and Tier-1 cities like Bengaluru, Mumbai, Hyderabad, Pune, and Thane, and others. Almost 70 percent of these card holders are below the age of 30 years.

ALSO READ: KreditBee offers RuPay credit card, aims to become a neo bank in two years

“We at KreditBee are proud to have achieved this milestone of crossing 1 lakh KreditBee Cards within a short span of less than 60 days. These growing numbers represent the trust and confidence that customers are showing in us and I would also like to thank our partners.

“We aim to democratize credit in India by issuing more KreditBee Cards, which will function as virtual cards for responsible borrowers, irrespective of their demographic & income group. Towards the same, we intend to issue over 1 million cards to the customers by March 2022,” KreditBee CEO Madhusudan Ekambaram said.

With ‘KreditBee Card’, a customer can avail credit limit upto Rs 10,000 loan that can be repaid within a single billing cycle not extending beyond 45 days. Also, they can make multiple withdrawals or purchases within the credit limit.

The virtual card will be generated on the app and can be used for transactions instantly. Customers can upgrade their credit limit within a single billing cycle, while, no irrational fees and charges are applied.

Internet Explorer Channel Network
Asia's Tech News Daily
News Related

OTHER NEWS

Amazon India head summoned by ED over alleged Future Group deal irregularities

The Enforcement Directorate is the agency that investigates offenses related to money laundering. (Representative image) The Enforcement Directorate (ED) has summoned Amazon India head, Amit Agarwal, next week over alleged ... Read more »

China's ‘dual-credit' policy that spurred the EV sector will be revised in bid to ensure high quality growth

China’s decision to revise a “dual-credit” policy on carbon emissions that helped electric vehicle (EV) makers boost production is likely to hurt the industry leaders in a trade-off for long-term ... Read more »

Capitalism rethink: innovation needn't come at the expense of worker protection

The Covid-19 pandemic has highlighted major weaknesses in both the US and European capitalism models. In the United States, the crisis has shown the limits of an economic system that ... Read more »

Carmichael link: MSCI to drop Adani Ports from four climate indices

Gautam Adani | Representative image The MSCI Climate Change Index will drop Adani Ports and Special Economic Zone (APSEZ). This comes as the project had been termed ‘severe’. MSCI will ... Read more »

COVID-19: Compulsory PCR tests for UK arrivals are 'huge blow' to travel industry

It is hoped the measures will buy scientists time to learn more about the Omicron variant, but there are fears it will also affect the recovery of an industry hard hit by the pandemic. Read more »

China reportedly takes over Uganda's airport on account of loan default

In what is yet another move to acquire foreign assets on account of default of loans China allegedly has taken over the Ugandan Entebbe International Airport and other assets in ... Read more »

Cryptocurrency Prices Today on November 28: PNT biggest gainer while market remains in red

Most cryptocurrencies are mostly red on November 28. The global cryptocurrency market capitalisation is currently $2.44 trillion, down 1.22 percent in the past 24 hours. Siacoin (SC), the highest gainer on November 27, ... Read more »

Petrol, diesel prices on November 28: Fuel rates remain unchanged for 24 days in row

In Delhi, the petrol price remained unchanged and retailed at Rs 103.97 a litre. (Representative image) Petrol and diesel prices remained unchanged for the 24th consecutive day on November 28 ... Read more »

Cryptocurrency Prices Today on November 27: Bitcoin, LRC, CHR down; Siacoin rises high

Cryptocurrency (Representative image) Most cryptocurrencies are mostly red on November 27. The global cryptocurrency market capitalisation is currently $2.47 trillion, down 6.97 percent in the past 24 hours. Major coins like Loopring ... Read more »

Daily Voice | Don't expect massive listing gains in Star Health IPO, says Gaurav Garg of CapitalVia Global Research

Gaurav garg Gaurav Garg, Head of Research, CapitalVia Global Research is expecting further selling in the market led by FIIs due to rising dollar, and globally new variant of COVID-19 ... Read more »

Sir Ian Taylor - Nine questions for the Prime Minister about Covid tests in NZ

OPINION: I have to declare a potential conflict of interest. I voted for the current Government on the basis that I believed the Prime Minister when she said this would ... Read more »

First wahine Māori to head Pharmac advisory board

By Will Trafford of Maori Television The first wahine Māori will take over as chairwoman of Pharmac’s Advisory Committee, the group that recommends which pharmaceutical drugs should be funded by ... Read more »

Black Friday price hikes and fake sales on the rise, says PriceSpy

Black Friday has become one of the biggest sales days around the world but new research shows some discounts may be dud deals. Pricing and comparison service PriceSpy says nearly ... Read more »

Black Friday shopping in stores drops 28 percent from pre-pandemic levels

Shoppers shifted to buying online and started earlier in the year, according to preliminary data from Sensormatic Solutions. Read more »

Nike and G-Dragon collaborate on taekwondo-inspired sneakers

Nike is again collaborating with K-pop icon and rapper G-Dragon for a Taekwondo sneaker called Nike Kwondo1 to be released under the artist's streetwear line PEACEMINUSONE. The all-white shoe carries ... Read more »

Bayern Munich asked to end Qatar Airways $22.5 million per year sponsorship deal on human rights grounds

Bayern’s sponsorship deal with Qatar Airways is worth around $22.5 million annually, with the five-year term set to expire in 2023. Bundesliga champions Bayern Munich's recent annual general meeting saw ... Read more »

POSCO building hydrogen supply infrastructure in Pohang

According to the agreement, the POSCO group will establish a large diameter piping system to enable a massive hydrogen supply while keeping hydrogen prices competitive. POSCO would set up infrastructure ... Read more »

Watchdog assures clothing from recycled plastic bottles is safe

The consumer watchdog asked authorities to include recycled material garments among clothes subject to environment labeling certification, The Korea Consumer Agency concluded that clothes made with recycled plastic bottles generally ... Read more »

Black Friday shopping in stores drops 28% from pre-pandemic levels as shoppers spread spending throughout the season

Shoppers with bags from various stores stand next to each other as Black Friday sales begin at The Outlet Shoppes of the Bluegrass in Simpsonville, Kentucky, November 26, 2021.Jon Cherry ... Read more »

'Religious vandalism': Tripura CM asks DGP to review UAPA cases against social media users

Tripura Chief Minister Biplab Deb (Image: Twitter/@BjpBiplab) Tripura Chief Minister Biplab Kumar Deb on Saturday asked Director General of Police VS Yadav to “review” the cases against the 102 social ... Read more »

Tight regulations await top NBFCs looking for entry into banking

The Reserve Bank of India (RBI) on November 26 accepted 21 out of 33 recommendations of an internal working group on the ownership guidelines and corporate structure of private sector ... Read more »

Blockchain start-up Kingspin Technology Services starts operations in India

Representative image Kingspin Technology Services, a Keralite-driven UAE based blockchain start-up on Saturday launched its services in India with an aim to spread its wings in Kerala with Kochi as ... Read more »

‘Supermarkets massively sell bottles of soft drinks without a deposit', investigation inspection

Supermarkets sell bottles of soft drinks without a deposit, while they are legally obliged to ask for a deposit. It concerns a hundred liquor bottles, often of their own private ... Read more »

'I use it for life': Mike Tyson joins the list of celebrities launching a cannabis line

In this handout image Mike Tyson attends the Hublot x WBC “Night of Champions” Gala at the Encore Hotel on May 03, 2019 in Las Vegas, Nevada.Omar Vega | HUBLOT ... Read more »

Top 10 best read on DFT: energy and houses

The prediction by a leading energy expert that the oil price will fall next year attracted most readers. There was also a lot of reader interest for a tasty interview ... Read more »

COVID-19 update | Maharashtra minister asks Thane authorities to be prepared to tackle new variant scare

Image: Twitter Maharashtra Urban Development Minister Eknath Shinde on Saturday asked Thane district authorities and local civic officials to keep hospital facilities ready and ensure strict adherence among people to ... Read more »

Tata Steel focuses on increasing iron ore production to 45 mtpa in 5 years

File image Tata Steel will focus on augmenting iron ore production from 30 million tonne per annum to 45 mtpa in the next five years, a company official said on ... Read more »

Black Friday popular, Dutch bought for record

Payment service iDEAL recorded an “absolute” daily record on Friday, of 5.39 million payments, which accounted for approximately €430 million in turnover. About 70% more was bought online via iDEAL ... Read more »

Black Friday extremely popular, the Dutch bought for record

Payment service iDEAL recorded an “absolute” daily record on Friday, of 5.39 million payments, which accounted for approximately €430 million in turnover. About 70% more was bought online via iDEAL ... Read more »

Mauritius to stop flights from South Africa from November 28 over new coronavirus variant

(Representative image) Mauritius will suspend all commercial passenger flights from South Africa from Nov. 28 due to the new coronavirus variant Omicron, its foreign affairs ministry said on Saturday. A ... Read more »

Moneycontrol PRO presents Intrazon 2.0 on Sunday, 28th November, at 8 pm, with Dinesh Nagpal on ‘Harmonics & Ichimoku Trading (HIT) for intra day'

Dinesh Nagpal | PC-MoneyControl INTRAZON 2.0 is one of the largest retail Intraday Traders Online Conferences to be organised in India. Some of the best intraday traders in India will ... Read more »

‘Black Friday popular, sold a quarter more than last year'

According to Klarna, the Dutch have been interested in the offers from the first minute of Black Friday. In the first hour, the Swedish-based company noticed a 780% increase in ... Read more »

S. Korean scientists develop hydrogen fuel engines strong enough to power industrial drones

The engine supplies hydrogen fuel through the direct spray method while optimizing engine parameters, such as spray and ignition. The Korea Institute of Machinery and Materials has developed a 5-kilowatt ... Read more »

World on alert as UK reports cases of omicron COVID variant

The Associated PressA sign reading ‘Stay safe’ in Regent Street, in London, Friday, Nov. 26, 2021. A slew of nations moved to stop air travel from southern Africa on Friday, ... Read more »

Here are the 21 recommendations out of 33 accepted by RBI on ownership, corporate structure of private banks

Representative image The Reserve Bank of India (RBI) has accepted 21 out of 33 recommendations made by an internal working group on the ownership and corporate structure of private sector ... Read more »

Small Business Saturday holiday shopping is back, and maybe changed forever

Sign on glass reading Thank You For Supporting This Local Business in a bakery in Walnut Creek, California, September 15, 2021. Photo courtesy Sftm. (Photo by Gado/Getty Images)Gado | Archive ... Read more »

Reusable gift wrap, homemade gifts: Sustainability is on the wish list this holiday season

SustainAble Home Goods sells a selection of eco-conscious products online and also offers cloth wrapping that can be reused.Source: SustainAble Home Goods Some children might be waking up on Christmas ... Read more »

Dutch test for new variant after finding 61 COVID cases among South Africa passengers

(Representative image) Dutch health authorities said on Saturday they had detected 61 COVID-19 cases among people who flew from South Africa on Friday and were now doing further tests to ... Read more »

Ship's master said he spent 50 hours sleepless before crash

NEW ORLEANS — An oil tanker hit an offshore oil platform at night off Louisiana because its Turkish operating company didn’t give the ship’s master time to recover from days ... Read more »

How Major League Soccer is positioning the sport to become a dominant one in the U.S.

Soccer in the U.S. has not always had the best track record. Its popularity fluctuates, and interest is usually tied to significant events, such as the World Cup or the ... Read more »
On free-english-test.com you will find lots of free English exam practice materials to help you improve your English skills: grammar, listening, reading, writing, ielts, toeic