In association with National Payments Corporation of India (NPCI), Union Bank of India (UBI), has launched ‘Union MSME RuPay Credit Card’ for meeting business related operational expenses of Micro, Small & Medium Enterprises (MSMEs).
This card comes with interest free credit up to 50 days.
The public sector bank said in a statement “The dedicated card for MSMEs is available to eligible borrowers of Union Bank of India. The card also offers EMI facility to the customers on their business-related purchases.”
MSMEs will also get specially curated business services on this card which will help them in taking their business on most of the digital platforms, as per the statement.
Additionally, MSME customers will get accidental insurance coverage of up to Rs 10 lakh, domestic airport lounge access of 2 per quarter and other rewards, the Bank said.
Nidhu Saxena, Executive Director, UBI, said the card will help improve the digital delivery channel in servicing MSME clientele. “This Credit Card will reduce the demand for cash withdrawal by MSMEs for business expenses besides simplifying their payment mechanism.” (KNN Bureau)
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