Neo-banking platform Stashfin presents a credit line card for women
Stashfin, a neo-banking platform, has launched a line of credit card specifically for women called LiveBoundless.
The card offers dedicated cashback rewards, welcome credits, free ATM withdrawals and other offers, the company said. A host of other value-added services include 1% cash back on every spend for benefits worth ₹5,000 in the first year and a free credit period for certain customers. The company also said the card acts as a virtual and physical medium for shopping, traveling and dining, which sets it apart from existing players in the market.
Commenting on the development. Shruti Aggarwal, co-founder of Stashfin, said: “We are delighted to announce our new LiveBoundless Card offer specially designed for women. At Stashfin, we have worked with dedication for the financial awareness and independence of our clients – who are the backbone of our business. What sets Stashfin’s latest card apart from other line of credit cards is that it offers greater flexibility for customers, an enhanced rewards program and positioning itself as a card that supports the financial inclusion of women. »
According to a study by Statista, India’s credit card market volume was 37.5 million in fiscal year 2018 and reached 57.7 million in fiscal year 2020. A similar northward trend has was seen in fiscal year 2021, when the numbers reached 62 million.