Ola, Flipkart to enter leading market |
After revolutionising the e-commerce sector and the private cab industry the e-retail giants Flipkart and OLa are eying to enter the indian lending Market with Credit Cards in partnership with major indian banks. Ola will launch its credit card most likely in partnership with State Bank of India. The company will reportedly begin its pilot as soon as next week. The company plans to issue 1 Million credit cards in its first year. The card will have some unique features linked with mobility, real-time expense management, and an instant rewards system to attract the customers.Walmart owned Flipkart, on the other hand, is set to partner with Axis or HDFC Bank. The company is also tracking up to 1,000 data points to gauge a customer`s ability and intent to repay dues. Another e-commerce giant Amazon had launched a co-branded ICICI Bank credit card last year.
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