Current Affairs - Banking - Discussion

Punjab National Bank collaborated with fintech platform Kiwi to introduce a credit-on-UPI card, marking an important development in digital payments. The card operates on the RuPay network and is designed to extend formal credit access to the bank’s vast customer base. It offers benefits such as zero joining and annual fees, cashback on transactions, and seamless digital onboarding with UPI integration. This initiative also represents Kiwi’s first partnership with a public sector bank, highlighting a growing trend of collaboration between traditional banks and fintech firms to expand digital financial services in India.