SBI Cards and Payment Services (SBICARD) — Announcement

1 Announcement 🔴 High Importance Neutral 📄 PDF

SBI Cards and Payment Services announced the launch of two new PhonePe co-branded credit cards, PhonePe SBI Card PURPLE and PhonePe SBI Card SELECT BLACK, targeting the domestic market with rewards benefits, effective July 22, 2025. The filing confirms regulatory disclosure under SEBI norms for the product rollout.

2 Announcement Neutral 📄 PDF

SBI Card partnered with PhonePe to launch co-branded credit cards featuring reward points up to 10% on PhonePe spends, welcome e-gift vouchers, and travel benefits, targeting digital-first customers. The partnership expands credit access through integrated app onboarding and leverages PhonePe's 630 million user base for distribution.

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About SBI Cards and Payment Services Limited (SBICARD)

Financial Services · Finance · Listed on NSE

Market Cap: ₹59,570.5 Cr P/E: 27.5

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Source: Stock Announcements. Analysis by StockFin.ai. For informational purposes only — not investment advice.

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