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.
“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.”
