Digibank, the mobile-only bank of Singaporean lender DBS, has collaborated with online grocery store Bigbasket to roll out a co-branded debit card.
For each order placed on the app and website with the new proposition, users will be able to receive a 5% cash-back.
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Bigbasket co-founder Vipul Parekh said: “Apart from being able to shop for a variety of products, the card will enable them to avail of cash-back, making it a value proposition, every time they make a purchase with us.”
To avail the new card, users are required to download the digibank app from the Google Play Store/ Apple App store as well as sign up for a digiSavings account that provides an interest rate of up to 7%.
The digibank app offers users access to insurance products, personal loans, and mutual funds.
DBS India managing director and head of consumer banking group Shantanu Sengupta said: “We are delighted to partner bigbasket as there are strong synergies among our customer base. We’re here to make the consumer’s life easier, as they don’t have time at their disposal.
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By GlobalData“They seek instantaneous access and one-stop solutions at their finger-tips. The new co-branded card does just that by offering exciting cash-backs and other benefits.”
