The partnership aims to issue about 2 million fixed-deposit-backed credit cards in the next 12 months.
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This is an interesting partnership that could really enhance financial accessibility for many in India. The initiative to issue credit cards backed by fixed deposits sounds promising and could provide a great boost for consumers. Looking forward to seeing how this develops!
Absolutely, it’s exciting to see how this collaboration can potentially empower more individuals to build their credit histories. The introduction of fixed-deposit-backed credit cards could also encourage savings while providing a safety net for users.