The HDFC Bank in collaboration with Retailio has launched a new range of co-branded credit cards today. Pune-based Retailio is a B2B pharma platform. These B2B credit cards are primarily targeted at chemists and pharmacies in the merchant segment. Apart from that, the credit cards will be available to more than 1 lakh customers of Retailio from their existing merchant base and new customers.
Parag Rao, Country Head, Payment Business, Consumer Finance, Technology and Digital Banking, HDFC Bank said, “The partnership will enable us to extend this collaboration further into the pharma sector with a customized product for retail pharmacies, distributors, and hospitals within the Retailio merchant network”.
The cards will come with various offers including reward points, cashback on tax payments & business essentials, and interest-free credit period of up to 50 days. It will also offer low-cost EMI options for all customers on their credit cards and also ensure term loan eligibility for business needs.
