India’s food delivery giant Swiggy launches credit card

Swiggy has become the latest Indian startup to offer its customers a credit card as the food delivery giant broadens its efforts to drive engagement and retention.

The Bengaluru-headquartered startup is co-launching the credit card with HDFC Bank, India’s largest private bank. The credit card will offer customers a 10% cashback on spends on Swiggy and 5% across over 1,000 partnered platforms including Amazon, Adidas, Zara, Flipkart, Nike, Uber and BookmyShow, Swiggy said.

The card, powered by Mastercard, will also offer a three-month subscription to Swiggy One, a service that waives off delivery charges, and 1% cashback on all other spends, said the startup, which is backed by Prosus, SoftBank, Accel and Invesco. It will also extend a few Mastercard benefits, Swiggy said.

 

 

 

 

 

 

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