HDFC Bank announced a tie-up with digital payments enabler PayTM to start selling co-branded plastics before the onset of the festive season. The move is aimed at reviving the private lender's lost business in the credit cards segment.
The credit cards would be powered by Visa. The private lender stated the alliance would strive to provide wider range of services across customer segments, especially focussed on millennials, business owners and merchants. The launch is planned for October 2021 - which coincides with the festive season.