Tag Archives: AU Small Finance Bank

ixigo, AU Small Finance Bank launch RuPay variant of co-branded credit card

ixigo and AU Small Finance Bank, have launched the RuPay variant ofits premium co-branded ixigo-AU Small Finance Bank travel credit card, enabling UPI-based payments and rewards. This new offering is designed to bring enhanced benefits like greater convenience, wider reach, security and accessibility to modern travellers.

Building on the successful partnership of ixigo and AU Small Finance Bank (AU SFB), the RuPay variant introduces a range of features tailored to meet the needs of travellers. Cardholders can link their RuPay credit card on UPI using any UPI payment app, enabling seamless credit card payments with UPI. Travellers will get 10 reward points on online UPI transactions and 5 reward points on offline UPI transactions. They will also have access to premium 24/7 concierge services, a comprehensive insurance cover of up to INR 2 Lakhs, including Personal Accident Insurance and Permanent Disability Cover, and various exclusive RuPay offers across dining, shopping, wellness, and entertainment.

The card also retains its existing benefits and core value proposition across all travel modes, including 10% discount on flights, buses and hotels and Zero PG charges on train booking via ixigo app, while offering additional benefits exclusive to RuPay cardholders. Cardholders will get 1000 reward points, Rs. 1000 ixigo money reward on completing their first transaction within 30 days, and a fuel surcharge waiver of 1% and 10% reward points on train transactions. Cardholders also enjoy Zero forex markup fee on international spends, complimentary 8 railway lounge access, 8 airport lounge access, and 1 International lounge access per year.

Commenting on the launch, Aloke Bajpai, Group CEO & Rajnish Kumar, Group Co-CEO, ixigo said, “We are excited to introduce the RuPay variant to the existing co-branded AU Small Finance Bank travel credit card. With seamless UPI integration and comprehensive insurance coverage, this card is designed to meet the evolving needs of modern travellers, especially those from tier 2,3 & 4 cities. By combining our travel expertise with AU SFB’s robust financial solutions, we aim to make travel more accessible and provide a smoother experience nationwide.”

Sanjay Agarwal, Founder and MD & CEO, AU Small Finance Bank, said, “Our partnership with ixigo continues to set new benchmarks in the travel industry, offering unparalleled benefits tailored for the modern traveller. This launch reaffirms our commitment to providing innovative and inclusive financial solutions to our customers. The RuPay variant will maintain exceptional travel rewards and bring the added advantage of RuPay’s extensive network, fulfilling the desires of aspiring Bharat. This move exemplifies our customer-centric approach as we continue to serve the diverse needs of our customers across Bharat.”

Nalin Bansal, Chief of Corporate, Fintech Relationships and Key Initiatives, NPCI, said, “We are happy to partner with ixigo and AU Small Finance Bank to provide travellers with an enhanced experience through exclusive rewards for RuPay cardholders. UPI-enabled RuPay credit cards combine the convenience of UPI with the benefits of credit cards. This aligns perfectly with our mission of expanding digital payments across India, making travel seamless and rewarding.”

AU Small Finance Bank, ixigo launch premium co-branded credit card

AU Small Finance Bank (AU SFB) and ixigo have joined hands to launch a premium co-branded credit card for modern travellers. This strategic partnership combines the strengths of AU SFB’s financial expertise with ixigo’s deep penetration in Tier-II and III markets, aiming to offer their customers a seamless blend of premium financial rewards with unparalleled travel benefits.

The ixigo-AU co-branded credit card will empower customers to enjoy a travel experience across all travel verticals, flights, trains, buses & hotels. The co-branded credit card provides a range of exclusive benefits designed to cater to the requirements of both frequent and occasional travellers. It is designed to address the evolving needs of modern travellers, who seek flexibility, convenience, and value.

With this co-branded card, travellers can enjoy substantial discounts of up to 10% on flight, bus & hotel bookings made through the ixigo platform. The card offers the convenience of zero payment gateway charges for train bookings twice a month along with best-in-class reward points on all offline and online spends. Moreover, it is the only OTA travel credit card to give access to up to 8 railway lounge and 8 domestic airport lounges per calendar year (without any spend criteria) along with one international lounge access per year (Priority Pass available on request).

As a joining bonus, customers will also receive 1,000 reward points and ixigo money worth INR 1,000 on their first successful transaction within the initial 30 days of card issuance.

Speaking about the launch, Sanjay Agarwal, Founder and MD & CEO, AU Small Finance Bank, said, “Research from the World Travel & Tourism Council (WTTC) suggests that the travel sector is poised for a significant rebound, with an expected 20.7% year-on-year growth in 2024, surpassing pre-pandemic levels. This growth indicates a robust spending trend among Indian tourists in 2023. Recognising this, AU Small Finance Bank has partnered with ixigo, India’s foremost travel platform catering to the next billion users, to offer unparalleled banking services to travel enthusiasts. The ixigo-AU Credit Card showcases AU’s banking innovation and ixigo’s travel expertise, ushering in a new era of rewards and convenience.”

Rajnish Kumar & Aloke Bajpai, Co-founders, ixigo, added, “At ixigo, our emphasis has always been on building product innovations & offering services that make travel a seamless experience. We are thrilled to partner with AU Small Finance Bank for the launch of our co-branded credit card. This collaboration marks a significant step in our mission to offer travellers a seamless, rewarding, and memorable journey. With this innovative card, we aim to redefine the travel experience, providing customers with access to credit along with unmatched benefits.”

Customers can also enjoy a 1 per cent fuel surcharge waiver on transactions, making every drive cost-effective. The card has a nominal annual fee of INR 999 + GST, waived with just INR 1,000 spending in the initial 30 days. Furthermore, the annual fee for the following year is also waived off with a minimum spend of INR 1 lakh in the preceding year.