Tag: Mr. Ashwini Kumar Tewari

SBI Card and BPCL launch BPCL SBI Card OCTANE
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SBI Card and BPCL launch BPCL SBI Card OCTANE

Dec 16, 2020 by Rekha Nair 0 Comments #Bharat Petroleum Corporation Ltd, #Chairman, #Chairman & Managing Director, #Director (Marketing) Bharat Petroleum Corporation Ltd, #MD & CEO, #Mr. Arun Kr. Singh, #Mr. Ashwini Kumar Tewari, #Mr. Dinesh Khara, #Mr. K Padmakar, #SBI, #SBI Card

Mumbai (India), December 15 2020: SBI Card, India’s largest pure play credit card issuer, and Bharat Petroleum Corporation Ltd, a Maharatna Company and the second largest petroleum company in India today announced the launch of the BPCL SBI Card OCTANE. The card has been designed to offer maximum savings to the well-heeled consumer segment which spends a significant amount on fuel. The BPCL SBI Card OCTANE brings 25X Reward Points (RPs) on spends for BPCL fuel and MAK Lubricants, Bharatgas (LPG) spends (Website and app only) and BPCL’s In & Out convenience store spends.

BPCL SBI Card OCTANE offer, which translates to a whopping 7.25% value back (including 1% surcharge waiver) on fuel and lubricant spends at BPCL fuel stations and an unbeatable 6.25% value back on Bharatgas spends (Website and app only) also bundles in accelerated savings on other regular spends categories, including, Departmental Store & Grocery, Dining and Movies. BPCL SBI Card OCTANE customers will benefit from BPCL`s extensive network, enjoying savings on fuel and lubricants at 17000+ Bharat Petroleum fuel stations, across the country. Additionally, there will be no minimum transaction threshold for fuel spends, enabling customers to save with every transaction. An altogether Pure for Sure experience at BPCL fuel stations!

Sharing his perspective, Mr. Dinesh Khara, Chairman, SBI said, “Launch of this BPCL SBI Card OCTANE bolsters partnership of SBI Card with BPCL. The card will bring consumers the highest savings proposition on fuel in the industry, thus making it a preferred choice in the segment. This launch will surely aid and bolster digital payments growth in India.”

The BPCL SBI Card OCTANE combines best in class rewards points on fuel spends with value back on various regular spends categories, thus addressing overall spending needs of cardholders. BPCL SBI Card OCTANE will provide 10X RP on Dining, Movies, Grocery & Departmental Store Spends. BPCL SBI Card OCTANE cardholders can enjoy exclusive benefits such as complimentary domestic airport lounge access. The card offers milestone benefits worth INR 2000 on annual spends of INR 300,000, in the form of e-gift vouchers. The card also comes with a complimentary fraud liability cover of INR 100,000.

Talking about the launch of the new co-brand card, Mr. Ashwini Kumar Tewari, MD & CEO, SBI Card said, “BPCL SBI Card OCTANE further strengthens our robust co-branded card portfolio and will propel our partnership with BPCL.  This launch is in line with our continued endeavor to offer our customers the best-in-class products with superior value. In addition to the savings on fuel and lubricants across Bharat Petroleum`s vast network across India, the card will also offer accelerated reward points on major spend categories, such as, Departmental Store & Grocery, Movies and Dining and Bharat Gas spends (Website and App only), making it a holistic, primary card for our customers.”

Mr. K Padmakar, Chairman & Managing Director, Bharat Petroleum Corporation Ltd said, “We are extremely happy to introduce the BPCL SBI Card Octane which offers best in the category benefits to our customers on purchase of fuel and lubricants across our 17000+ Retail Outlets and on online Bharatgas LPG payments. Our partnership with SBI Card ensures that we continuously endeavor to provide value to our customers through innovative products and offerings. The BPCL SBI Card OCTANE is one of our contributions towards digitally empowering society.”

Speaking about the launch of the new co-brand card, Mr. Arun Kr. Singh, Director (Marketing) Bharat Petroleum Corporation Ltd said, “BPCL has been at the forefront of the digital revolution in the country and the BPCL SBI Card OCTANE symbolizes BPCL’s steadfast commitment to offer vastly differentiated and best in class value through its digital offerings to all segments of the fueling consumers in the country. BPCL SBI Card OCTANE is packed with an empowering value proposition across its retail fuels, Bharatgas and Lubricants portfolio giving our valued customers a hugely rewarding cashless fueling experience.”

The card brings value from the point of enrolment itself, offering 6000 bonus points worth INR 1500 on payment of joining fee. BPCL SBI Card OCTANE also offers annual membership fee reversal on annual spends of INR 200,000 or more on in the previous year. The card launched on Visa Signature platform comes at an annual membership fee of INR 1499/-.

Highlights of BPCL SBI Credit Card OCTANE:

  • The BPCL SBI Card OCTANE offers many distinct benefits and rewards to cardholders, including:
  • Welcome Benefit: 6,000 Reward Points worth INR 1,500 upon payment of joining fees.
  • Reward Points:
  • 25X Reward Points on every INR 100 spent at BPCL Fuel, Lubricants, and Bharat Gas (Website & App only) (Limited to Max 2500 Reward Points per billing cycle).
  • 10X Reward Points on every INR 100 spent at Dining, Movies, Grocery and Departmental Stores.
  • 1 Reward Point on remaining spends (except Non BPCL fuel and Mobile wallet upload).
  • Milestone Benefit: E-Gift Voucher worth INR 2,000 on annual spends of INR 300,000.
  • 4 Complimentary Domestic Airport Lounge Access in India (Max 1 visit per quarter).
  • Annual fee reversal on annual spends of INR 200,000.
  • 1% Fuel Surcharge waiver at BPCL petrol pumps.
  • Complimentary Fraud Liability cover of INR 100,000.
Business World

SBI Card partners with Paytm to launch Paytm SBI Card

Nov 5, 2020 by Gouri Achary 0 Comments #Bhavesh Gupta, #Mr. Ashwini Kumar Tewari, #Paytm Mall, #Paytm SBI Card, #Paytm SBI Card SELECT, #T R Ramachandran

SBI Card, India’s largest pure-play credit card issuer and Paytm which is India’s leading digital financial services platform have joined hands to launch India’s next-generation credit cards. Available in two variants, Paytm SBI Card and Paytm SBI Card SELECT, the product has been launched on the Visa platform. Paytm SBI Card variants completely reimagine the credit card experience by enabling smart app features and providing superior rewards & benefits for its users. This launch is in line with SBI Card’s endeavour to offer customers tailored products which bring maximum value in line with spending needs and to encourage digital forms of payments for a safe and enhanced customer experience.

Paytm SBI Cardholder will be empowered to control their cards through smart one-tap features available on both SBI Card mobile app & Paytm app. Paytm SBI Card variants will be equipped with instant one-touch services such as blocking/ unblocking the card for online transactions, blocking the card in case of loss, issuance of a duplicate card and viewing outstanding credit-limit. It will also offer the option to safeguard users against fraud by switching off the card for contactless payments or international transactions when not required. Paytm App will also come with a personalized spend analyser helping in assessing expenses and planning future spends smartly. Paytm users can register their interest for the card from the Paytm app in less than 1 minute.

Customers can use Paytm SBI Card and Paytm SBI Card SELECT to maximize savings on the following:
• 5% Cashback on Paytm
o Movie Tickets
o Paytm Mall (Paytm eCommerce store where they can buy clothes, electronics, gadgets etc.)
o Travel Tickets (Bus, Train, Flights)
• 2% Cashback on other spends on Paytm App
o Utility Bills, Mobile Recharge etc.
• 1% Cashback on all other online & offline spends

Designed for the new age, digitally savvy customers, Paytm SBI Card and Paytm SBI Card SELECT will bring customers rewards and savings upon using the card on the Paytm app as well as millions of online and offline stores. Cardholders receive a cashback of 5% and 3% on Paytm SBI Card SELECT and Paytm SBI Card respectively, upon booking movie tickets and travel tickets on Paytm app as well as on purchasing items from Paytm Mall. For other spends on Paytm app using the Paytm SBI Cards, cardholders receive 2% cash back while 1% cashback is offered on spends elsewhere. The Paytm ecosystem offers a host of purchase categories and the Paytm SBI Card brings regular Paytm users a multitude of cashback on their most relevant spending categories.

Select customers have a chance to apply for Early Access to the card by joining the waitlist that has gone live on the Paytm App from 1st Nov.

Talking about the association with Paytm, Mr. Ashwini Kumar Tewari, MD & CEO, SBI Card said, “The credit card industry in India remains largely underpenetrated. Also, given the current scenario where social distancing is a way of life and cashless payments are a safer alternative, there has been a renewed impetus to digital payments from all corners. Our strategic partnership with Paytm is intended towards making credit cards more accessible to all. Through this partnership, we will also be able to leverage Paytm`s extensive reach to bring new-age, digitally evolved consumers across India, a safe, convenient, and rewarding payment solution, combined with the benefits of a credit card. Further, in an innovative move, we will be underwriting customers basis their transaction history on Paytm, thereby bringing the Paytm SBI Card seamlessly to a huge customer base.”

Bhavesh Gupta (CEO – Paytm Lending) said, “We proudly welcome SBI Card as our partner to introduce India’s most sincere credit card with intelligent features and great rewards that never expire. Our cards are truly designed to benefit India’s aspiring youth and evolved professionals. These cards will help them lead a healthier financial life by managing and analysing their spends through the Paytm app and make well-informed financial decisions. Our partnership aims towards democratizing access for credit cards amongst masses. We believe this can transform the credit market by bringing ‘new to credit’ users into the formal economy” and providing a truly personalized card management experience to our customers.”

T R Ramachandran, Group Country Manager, India and South Asia, Visa added, “We are delighted to join hands with two of our valued partners in India, SBI Card and Paytm to bring this unique offering to the market. Besides the relevance of the tap to pay card at times like these, the premium offers and discounts packaged by the three partners into this card make it an exciting offering for Indian consumers. We are excited about the prospect of this exclusive partnership introducing products and solutions to onboard a new generation of Indians to digital payments.”

The cards deliver value from the point of enrolment itself, offering welcome benefits like complimentary Paytm First membership worth Rs 750. Paytm SBI Card SELECT also offers cardholders Rs 750 cashback upon first use.

Paytm SBI Card SELECT customers get complimentary Priority Pass Membership for first two card membership years as well as four complimentary domestic airport lounge visits per year. Along with these benefits, the cards also reward customers for their loyalty through various annual milestone benefits. Paytm SBI Card SELECT customers can avail gift vouchers of up to INR 6000 annually on achieving certain milestone spends while Paytm SBI Card customers get complimentary Paytm First Membership Voucher upon achieving annual retail spends of Rs. 1 lac. The cardholders also get 1% fuel surcharge waiver along with cyber fraud insurance cover of 1 lac and 2 lacs respectively for Paytm SBI Card and Paytm SBI Card SELECT.

SBI Card and Paytm have digitised the entire credit card experience — from the application process to tracking & issuance of the credit card. The service offers the flexibility of choosing a convenient time on the Paytm app itself for the collection of documents along with online tracking of card issuance & delivery. The seamless application process will reduce the rate of application rejections and will enable more people to participate in the formal credit system.

Highlights of Paytm SBI Card SELECT and Paytm SBI Card

SBI Black Select Paytm card

Paytm SBI Card SELECT

Welcome Benefit – Complimentary Paytm First Membership and INR 750 Cashback

  1. Up to 5% Cashback on Paytm App spends and 1% Cashback on spend elsewhere
  2. Gift Vouchers worth up to INR 6000 on achieving milestone spends
  3. Complimentary Priority Pass Membership & Domestic Lounge Access
  4. Cyber Fraud Insurance cover of Rs. 2,00,000
  5. 1% Fuel Surcharge Waiver

SBI Black Paytm Card

Paytm SBI Card

Welcome Benefit: Complimentary Paytm First Membership

  1. Up to 3% Cashback on spends on Paytm App and 1% Cashback on other spends
  2. Complimentary Paytm First Membership Voucher on card renewal
  3. 1% Fuel Surcharge Waiver
  4. Cyber Fraud Insurance cover of INR 1,00,000

Customers can apply for the Paytm SBI Card and Paytm SBI Card SELECT online through the Paytm App. Both the cards can be availed at the annual fee of INR 499 and INR 1499 respectively. Customers will also have an option to choose from two-colour variants on the Paytm App.

SBI Card
Business World

SBI Card gives customers added reason to celebrate with its festive offers for 2020

Oct 13, 2020 by Gouri Achary 0 Comments #festive offers for 2020, #festive season purchases., #Mr. Ashwini Kumar Tewari, #SBI Card

SBI Card, India’s largest pure-play credit card issuer, is all set to add to the festive cheer of its cardholders this festive season. With 1000+ offers across 2000 cities, specially curated to meet the changing trends and consumer preferences, SBI Card endeavours to bring customers rewarding shopping experience on their festive season purchases.

The wide range of offers includes 300+ national and 700+ regional & hyperlocal offers. The delightful spread of offers ranges across a wide set of categories such as fashion & lifestyle, electronics, mobiles, jewellery, departmental stores and travel & online marketplaces. Offers are available nationally across marquee brands such as Amazon, Brand Factory, Croma, Caratlane, Fabindia, FirstCry, Grofers, Home centre, Lloyds, More Hypermarket, More Supermarket, Pantaloons, Samsung Mobile and Tata Cliq. These strategic partnerships will enable the customers to derive benefits across all the relevant shopping categories. Offers include attractive cashback as well as instant discounts ranging upto 10%.

SBI Card is also the exclusive credit card partner for Flipkart`s ‘The Big Billion Days’ online shopping festival, one of the largest online sale events in India.  SBI Card customers can avail 10% instant discount on Flipkart during the offer period, in addition to the plethora of deals on the platform, from the safety of their homes.

Commenting on the festive offers, Mr. Ashwini Kumar Tewari, MD & CEO, SBI Card,  said “Every year our endeavour is to bring our consumers a superior experience and maximum savings on their festive shopping through carefully designed national and regional offers This year we have curated over 1000 offers, with national and local merchants, both in-store and online, across 2000 cities, to enable our cardholders enjoy great benefits across all the categories. In addition, to make festive purchases more affordable, SBI Card customers can avail EMI purchase facility at over 1.3 lakh stores. EMI at no extra cost is also available on larger ticket items with popular brands in electronics and mobiles. Through these offers, we are pleased to bring our customers safe and rewarding shopping experience, thus adding to their celebrations.”

In addition to the national offers, SBI Card has also curated several region-specific and hyperlocal offers for customers across small towns and cities. For instance, SBI Card has partnered with regional brands during the Durga Puja and Navratri festivals that will enable customers to avail great savings through cashback offers across 1100+ stores and 120+ discount offers across 17 cities. 700+ hyperlocal offers with discounts ranging from 10% to 55% have been curated across 46 cities.

Further, to ensure affordability, SBI Card customers can avail EMI facility at 84500 merchants & 1.3 Lakh+ stores. Also, EMI at no extra cost is accessible across 14 brands in electronics & mobiles categories.

The festive offers will run from  October 01, 2020, to November 15, 2020.

Annexure:

Offers on various brands nationally:

Partner Offer
Amazon 10% Instant Discount
Brand Factory 5% Instant Discount
Caratlane 5% Instant Discount
Croma 5% Cashback
Fabindia 10% Instant Discount
FirstCry 5% Instant Discount
Flipkart 10% Instant Discount
Grofers 5% Instant Discount
Homecentre 5% Cashback
Lloyds Upto 10% Cashback
More Hypermarket Rs 150 Cashback
More Supermarket 5% Cashback
Pantaloons 7.5% Cashback
Samsung Mobile 10% Cashback
Tata Cliq 10% Instant Discount
SBI Card
Business World

SBI Card bolsters premium portfolio; inks partnership with American Express

Sep 30, 2020 by Gouri Achary 0 Comments #American Express, #American Express Global Network Services, #Mr. Ashwini Kumar Tewari, #Mr. Pierric Beckert, #SBI Card, #SBI Card ELITE, #SBI Card PRIME

SBI Card, India’s largest pure-play credit card issuer, and American Express, the globally integrated payments company, have entered a strategic partnership to offer a powerful mix of global benefits and exclusive privileges for discerning consumers in India. With this partnership, SBI Card`s top-end premium products – SBI Card ELITE and SBI Card PRIME will be available on American Express’ global network. Designed for the premium segment of credit card users in India, SBI Card ELITE and SBI Card PRIME on the American Express platform combines unmatched benefits from both partners to offer consumers an enhanced premium experience.

In addition to the exclusive value proposition of SBI Card ELITE and SBI Card PRIME, cardholders can enjoy American Express’ valuable network benefits through local and global network offers, access to Elite tier membership, complimentary domestic lounge program, access to VIP upgrades and privileges at hotels, restaurants and retail outlets around the world and unique experiences like pre-ticketing access to sporting and entertainment events such as Wimbledon and US Open– now accessible virtually!

SBI Card ELITE and SBI Card PRIME bring cardholders the best lifestyle privileges such as complimentary membership to loyalty programs of marquee brands like Vistara and Trident Hotels with exclusive benefits for SBI Cardholders; complimentary international airport lounge access through the Priority Pass Program; and welcome gift vouchers from leading retail brands. These privileges are accompanied by value through accelerated reward points on spend categories such as dining, entertainment and departmental store as well as spends based milestone benefits.

Speaking about the partnership, Mr. Ashwini Kumar Tewari, MD & CEO, SBI Card said, “SBI Card has always endeavoured to bring best-in-class products and services to offer maximum value and an unmatched experience carefully curated to address the evolving needs of customers. Strategic partnerships which enable us to offer a differentiated value proposition to our consumers are part of our core business approach. Our partnership with American Express will enable us to bring a powerful and unique value proposition to our aspiring affluent and premium consumer segment. This alliance is another step in our efforts to bolster our premium portfolio, making our diverse portfolio of mass to premium more comprehensive and robust.”

Mr. Pierric Beckert, President, American Express Global Network Services, shared “Around the world, American Express partners with banks that share our commitment to superior customer service and providing quality products to customers. Our issuing partnership with SBI Card will enhance the service and value proposition for Indian consumers and significantly expand our footprint in the country. Together, we will create appealing and differentiated products to meet the needs of a wide set of Indian consumers.”

India is a strategically important market for American Express, with all lines of businesses tapping into the digital payment acceleration in the country. Global Network Services works with local issuing banks to offer a wide range of products with best in class value propositions. These products are supported by a rich suite of offers as well as global benefits backed by rich rewards programs. The cards on the American Express network are contactless-enabled and protected by Safekey for online transactions.

With this launch, SBI Card will have products across four networks, thereby catering to the entire spectrum of users from mass to premium.

SBI Card ELITE and SBI Card PRIME on American Express platform will come at a joining fee of INR 4999 and INR 2999 respectively. Currently, the cards have been launched in Delhi NCR and Mumbai and will gradually be extended to other cities in the American Express network.

shake hand
Business World

SBI Card collaborates with Google to enable cardholders to make payments through Google Pay

Sep 21, 2020 by Gouri Achary 0 Comments #cardholders, #Google, #Google Pay, #Mr. Ashwini Kumar Tewari, #Sajith Sivanandan, #SBI Card

Mumbai, 21 September 2020: SBI Card, India’s largest pure-play credit card issuer, today announced its collaboration with Google to enable cardholders to use their SBI Credit Cards on the Google Pay platform. SBI Credit Card users will now be able to make card payments using Google Pay app on their Android smartphones. Cardholders can make safe and secure payments using Google Pay in three modes- via Tap and Pay at NFC enabled PoS terminals, by scanning Bharat QR code at the merchant as well as online payments, without using the physical credit card. This launch is in line with SBI Card’s endeavour to promote zero contact, digital forms of payments for safe and enhanced customer experience.

Highly secure payment experience is enabled through tokenisation, whereby cardholders use Google Pay to pay through a digital token attached to their phone, without having to share physical card information with the merchant. Google Pay is a widely accepted payment app accepted at a multitude of merchants in India with deep penetration in metros as well as non-metros. Through this association, SBI Card aims to provide cardholders with the option to pay via Google Pay and offer them a safe payment experience on their mobile phones. Currently, the feature is available for SBI Credit Cardholders on Visa Platform.

SBI Cardholders can make payment using Google Pay via three modes:

Tap & Pay:

  • The user simply unlocks his/her android smartphone and taps on NFC enabled POS to make payment
  • User’s android smartphone should have NFC capability for tap payments
  • No PIN is required for transaction amount up to Rs. 2000

Bharat QR:

  • User to scan Bharat QR code at an online or offline merchant using Google Pay
  • User to confirm Merchant Name, Amount and OTP to make the payment

Online Payments:

  • Mobile Recharges on Google Pay and Online Payments on 3rd party merchants where Google Pay is supported for Credit Card payments
  • User to confirm OTP to make the payment

Cardholders have to do a one-time registration of their SBI Card on Google Pay platform by following some simple steps:

1. Download the latest version of Google Pay app on Android mobile phone
2. In settings under payment methods, press ‘Add Card’
3. Enter Cardholder Name, Card Number, Expiry, CVV and Confirm OTP
4. Post OTP authentication the card is registered for payments and can be used at NFC- enabled terminals, Bharat QR enabled merchants and for select online merchants

Commenting on the partnership, Mr. Ashwini Kumar Tewari, MD & CEO, SBI Card said, “At SBI Card, we continuously endeavour to push the boundaries of innovation to make life simpler and better for our consumer. The collaboration with Google Pay is another positive step in this direction. Our association with Google Pay, one of the leading providers in payments space, will enable us to offer safe, convenient digital payment solutions to a vast user base. As smartphone penetration in India soars, credit cards have also changed form to reside securely on the mobile phone and our partnership with Google opens up a new, secure and seamless payment route for our customers using smartphones.”

Sajith Sivanandan, Business Head: Google Pay and Next Billion Users – India said, “We’re delighted to be collaborating with SBI Card in bringing Indian users the highest standards of security with global standards like tokenisation and remain committed to furthering the cause of making payments more secure, convenient and effortless in the years ahead.”