IndusInd Bank combines credit and debit in one card
A debit and credit card in one
IndusInd Bank has launched the IndusInd Bank Duo Card, a debit and credit card in one – the first one in India.
The card has two EMV chips and a magnetic stripe for each, one on each side. The bank says the card uses the anagram technique to enhance and highlight the singularity of the duo card.
The bank says it targets the younger demographic and mobile-savvy, including offers across entertainment, travel and lifestyle.
IndusInd Bank’s head for consumer banking, Sumant Kathpalia, says: “The goal is always to simplify banking and enhance convenience for our customers. Innovations such as the Duo Card go a long way in simplifying customers’ lives.
“IndusInd Bank Duo Card aims to deliver a seamless and delightful client experience and offers the best of both worlds, in one plastic. The convenience of having dual functionality, and a wide range of offers and features on one plastic, is sure to resonate with our audience.”
It also provides a single statement of account and consolidates the reward points.
