Axis Bank and Fibe Partner to Launch India’s First Numberless Credit Card

New Delhi: Fibe, a fintech company formerly known as EarlySalary, has joined forces with Axis Bank to launch India’s first numberless credit card. This innovative card enhances security by eliminating the traditional card number, expiry date, and CVV from its physical design.

Operating on the RuPay network, this card offers multiple payment options, including linking to UPI and tap-and-pay functionality in stores. Users can conveniently manage their card details through the Fibe app, ensuring complete control over their information.

Customers can enjoy a flat 3% cashback on online food delivery, local commutes with leading ride-hailing apps, and entertainment purchases on online ticketing platforms. Additionally, they receive a 1% cashback on all online and offline transactions. Notably, there are no joining fees or annual fees for the lifetime of the card.

This unique card caters to Fibe’s existing customer base of over 2.1 million individuals. It also grants cardholders access to four domestic airport lounges per year and a fuel surcharge waiver for fuel expenses between Rs 400 and Rs 5,000.

Sanjeev Moghe, President and Head of Cards & Payments at Axis Bank, emphasized the card’s security features and its contribution to empowering the tech-savvy youth of India. Akshay Mehrotra, Co-Founder and CEO of Fibe highlighted the commitment to providing secure financial solutions to India’s ambitious youth and establishing a fresh benchmark in the credit card industry.

Fibe, which secured $110 million in Series D funding last year, is expanding its geographical reach and diversifying its offerings. The company specializes in consumer lending through its app, offering cash loans, long-term personal loans, and buy now pay later plans. The credit card is a result of a partnership between Fibe’s technology arm, Social Worth Technologies, and Axis Bank.