IDFC FIRST Bank and Mastercard unveil the FIRST SWYP Credit Card – The coolest card for today’s generation!

Telugu super news,Mumbai,9th December, 2023:IDFC FIRST Bank expands its credit card offering for the youth with  the introduction of the FIRST SWYP Credit Card. Created for today’s Gen Z generation, the card is designed to provide exciting lifestyle-related offers through our feature merchants& EMI benefits to cardholders, complete payment flexibility and a plethora of referral benefits. The card provides payment flexibility to the customer, as they can pay in full or convert to easy fee based EMIs. Powered by Mastercard, this card isdesigned to meet varying lifestyle requirements of the youth& the young at heart,focused on affordability, convenience and increased customer engagement.

After the success of FIRST Millennia Credit Cards, this new launch further extendsIDFC FIRST Bank’s offering coverage across Millennials and Gen Zs, intensifying their focus to address  demands of new-age customers, blending benefits across their favorite categories of spends and talkworthy offers and innovative propositions

‘We are thrilled to announce the launch of the FIRST SWYP Credit Card, a product that truly embodies our commitment to innovation & designing relevant new products for younger audiences’ said Mr. Shirish Bhandari, Head Credit Card Business at IDFC FIRST Bank.  This card will reinvigorate the youth’s relationship with credit card usage, due to its inherent ability to be used as a no-interest charge card, as well as its host of smartly curated features, namely, flexible bill repayments through EMIs,  a strong, benefit-laden referral program that’s geared towards enhancing social connect, and a plethora of exclusive and relevant merchant partnerships. We are confident in this card’s ability to deliver on our commitment towards providing ease, flexibility &lived experiences to the younger customers of today.”

Gautam Agarwal, Division President, South Asia, Mastercard, said, “The Youth of today want products that are reflective of their individuality. That’s why, brands need to constantly innovate and collaborate to design products and solutions that resonate with Gen Z & Millennials. Mastercard is delighted to partner with IDFC FIRST Bank to support the launch of the FIRST SWYP credit card. This new card is a perfect combination of security and benefits and will allow the youth to transact with ease and confidence.”  

Features & Benefits

  • Joining BenefitsNew FIRST SWYP customers will get: Complimentary Lenskart Gold Membership, Complimentary Times Prime Annual Membership on spending Rs.30,000 & 1000 Reward points on their first EMI conversion
  • Yearlong discounts on our Featured Partners: With the FIRST SWYP Credit Card, customers can get year long discounts up to 20% off on our partner brands. These brands across dining, shopping & travel are sure to meet the growing interests of the segment
    • Satisfy your pizza cravings with a tempting 20% off at Domino’s Pizza
    • Satiate the travel bug with 10% off on flight & hotel bookings on EaseMyTrip
    • Get your style on point with an amazing 10% instant discount on TATA CLIQ
    • Enjoy a delectable 10% off on Zomato for the perfect mealtime solution.
  • EMIfy: The FIRST SWYP Credit Card carries an innovative EMI proposition where customers can convert their purchases >2,500 to EMI at a flat monthly EMI conversion fee starting from Rs.49 + GST..While customers can pay their bill in full, they can also opt to convert either the bill or eligible transactions to EMI
  • Milestone Rewards Program: Unlock up to 1400 reward points every billing cycle with FIRST SWYP customers can get rewards for using their cards. Here are the details:
    • Eligible pends of Rs.5,000: 200 Reward Points
    • Eligible spends of Rs.10,000: Total 500 Reward Points
    • Elgiible spends of Rs.15,000: Total 1000 Reward Points
    • Customers can earn 400 additional reward points on minimum rental spends of Rs 20,000 per month
  • FIRST SWYP Referral Program: FIRST SWYP Cardholders can refer their friends & earn benefits on every successful referral – starting from a waiver of annual fees worth Rs 499 on the first successful referral, to 4000 bonus rewards, Movie vouchers, Domestic lounge access & much more
  • Movie Benefits : 25% up to Rs 100 every month on movie tickets
  • Fuel Surchage waiver : 1% fuel surcharge upto Rs.200 ;
  • Railway Lounge Access : 4 complimentary railway lounge access every quarter

IDFC FIRST Bank customers can apply for the FIRST SWYP Credit Card through a seamless digital process available on the bank’s website and mobile application. With the FIRST SWYP Credit Card, IDFC FIRST Bank continues to strengthen its position as a pioneer in the banking industry, consistently introducing innovative products and services that cater to the evolving needs of its customers. The launch of this credit card marks another milestone in IDFC FIRST Bank’s journey of delivering unparalleled convenience, value, and delight to its ever-growing customer base.

మారుతీ సుజుకి ఇండియా లిమిటెడ్, IDFC FIRST బ్యాంక్ లిమిటెడ్‌తో అవగాహన ఒప్పందం

Maruti Suzuki

తెలుగు సూపర్ న్యూస్,ముంబయి,ఏప్రిల్ 14,2023: మారుతి సుజుకి ఇండియా లిమిటెడ్, అవగాహన ఒప్పందం (MOU)పై సంతకం చేస్తున్నట్లు ప్రకటించింది.IDFC FIRST బ్యాంక్ లిమిటెడ్‌తో. ఈ సహకారంలో భాగంగా, బ్యాంక్ వ్యక్తిగతీకరించిన ఫైనాన్స్‌ను అందిస్తుంది. కొత్త కార్ లోన్‌లు, ప్రీ-ఓన్డ్ కార్ లోన్‌లు ,కమర్షియల్ వెహికల్ లోన్‌లు చూస్తున్న కస్టమర్‌లకు ఎంపికలు మారుతీ సుజుకి వాహనాలను కొనుగోలు చేయడానికి.

IDFC FIRST బ్యాంక్ లిమిటెడ్, మారుతితో తాజా భాగస్వామ్యంతో సుజుకి దేశవ్యాప్తంగా ఉన్న కస్టమర్ల కోసం అనేక రకాల ఫైనాన్సింగ్ ఎంపికలను అందిస్తూనే ఉంది.మారుతీ సుజుకి, IDFC FIRST బ్యాంక్ నుండి సీనియర్ మేనేజ్‌మెంట్ సమక్షంలో ఎంఓయు సంతకం చేయబడింది.

MSIL నుండి శ్రీ శశాంక్ శ్రీవాస్తవ, సీనియర్ ఎగ్జిక్యూటివ్ ఆఫీసర్, మార్కెటింగ్ సేల్స్, మిస్టర్ భువన్ ధీర్,ఎగ్జిక్యూటివ్ వైస్ ప్రెసిడెంట్, సేల్స్, Mr. విశాల్ శర్మ, జనరల్ మేనేజర్, అనుబంధ వ్యాపారాలు, IDFC నుండి FIRST బ్యాంక్ Mr. V వైద్యనాథన్, MD & CEO, Mr. మధివానన్ బాలకృష్ణన్, చీఫ్ ఆపరేటింగ్ ఆఫీసర్, Mr.ప్రదీప్ నటరాజన్, హెడ్ – రిటైల్ బ్యాంకింగ్, మిస్టర్ రిషి కాంత్ మిశ్రా, బిజినెస్ హెడ్ – వాహన రుణాలు ఇందులో భాగంగా ఉన్నాయి.

Maruti Suzuki

ఎమ్ఒయు వేడుక భాగస్వామ్యంపై మాట్లాడుతూ, శ్రీ శశాంక్ శ్రీవాస్తవ, సీనియర్ ఎగ్జిక్యూటివ్ ఆఫీసర్, మార్కెటింగ్ & అమ్మకాలు,మారుతీ సుజుకి ఇండియా లిమిటెడ్, “IDFC FIRST బ్యాంక్‌తో మా భాగస్వామ్యాన్ని ప్రకటించినందుకు మేము సంతోషిస్తున్నాము మా విలువైన కస్టమర్లకు లాభదాయకమైన ఆర్థిక పరిష్కారాలను అందిస్తాయి.

సౌకర్యవంతంగా అందించడమే మా లక్ష్యం, కారు కొనుగోలుదారులకు అవాంతరాలు లేని ఫైనాన్సింగ్ అనుభవం, ఈ సహకారం మమ్మల్ని మరింత ముందుకు తీసుకెళ్లేందుకు వీలు కల్పిస్తుంది. బ్యాంక్ అందించే వ్యక్తిగతీకరించిన లోన్ ప్రయోజనాల శ్రేణి ద్వారా. ఈ టై-అప్ మాకు తీర్చడంలో సహాయపడుతుంది. వినియోగదారుల ,విభిన్న అవసరాలు, వాహన కొనుగోలు ప్రక్రియను మరింత అందుబాటులోకి తీసుకురావడం,అనుకూలమైనది.”

కూటమిపై తన ఆలోచనలను పంచుకుంటూ, IDFC FIRST బ్యాంక్ COO, Mr. మధివానన్ బాలకృష్ణన్, “మేము కస్టమర్ వాహన కొనుగోలు, ఫైనాన్సింగ్‌ను మెరుగుపరచడానికి మారుతి సుజుకితో భాగస్వామ్యం కావడం ఆనందంగా ఉంది అనుకూలీకరించిన వినూత్న రుణ సమర్పణలు. బ్యాంక్‌గా, మేము ఎల్లప్పుడూ మా పెట్టడాన్ని విశ్వసిస్తాము
మొదట కస్టమర్,ఈ భాగస్వామ్యం మా తత్వశాస్త్రంతో సమలేఖనం అవుతుంది.

IDFC FIRST బ్యాంక్ పరపతి విశ్లేషణలు,అతుకులు అందించడానికి డిజిటలైజేషన్; మా 700+ శాఖల పాన్‌లో కస్టమర్‌లకు సులభమైన ఫైనాన్సింగ్ అనుభవం భారతదేశం.”IDFC FIRST బ్యాంక్‌తో భాగస్వామ్యం మారుతి సుజుకి తన ఫైనాన్సింగ్ పరిధిని మరింత విస్తరించడానికి అనుమతిస్తుంది. ఎంపికలు,వినియోగదారులకు ఎక్కువ సౌలభ్యం,ఎంపికను అందిస్తాయి. ఈ సహకారం మరింత ముందుకు సాగుతుంది. భారతీయ ఆటోమొబైల్ పరిశ్రమలో అగ్రగామిగా మారుతి సుజుకి,స్థానాన్ని మెరుగుపరచడంతోపాటు వాటిలో ఒకటిగా మారడం IDFC FIRST బ్యాంక్ కస్టమర్ ఫ్రెండ్లీ ప్రక్రియల కారణంగా కస్టమర్‌లకు అత్యంత ప్రాధాన్య ఎంపికలు.

Maruti Suzuki and IDFC FIRST Bank enter an into a strategic partnership to offer personalised vehicle financing options

Maruti Suzuki

Telugu super news,Mumbai,April 14th,2023: Maruti Suzuki India Limited, announced the signing of a Memorandum of Understanding (MoU) with IDFC FIRST Bank Limited. As part of this collaboration, the bank will offer personalized finance options across New Car Loans, Pre-Owned Car Loans and Commercial Vehicle Loans to customers looking to purchase Maruti Suzuki vehicles. With the latest partnership with IDFC FIRST Bank Limited, Maruti Suzuki continues to provide a wide range of financing options for customers across the country.

The MoU was signed in the presence of senior management from Maruti Suzuki and IDFC FIRST bank,
from MSIL Mr. Shashank Srivastava, Senior Executive Officer, Marketing & Sales, Mr. Bhuvan Dheer,
Executive Vice President, Sales, Mr. Vishal Sharma, General Manager, Allied Businesses and from IDFC
FIRST bank Mr. V Vaidyanathan, MD & CEO, Mr. Madhivanan Balkrishnan, Chief Operating Officer, Mr.
Pradeep Natarajan, Head – Retail Banking, Mr. Rishi Kant Misra, Business Head – Vehicle Loans were a part
of the MoU ceremony Speaking on the partnership, Mr. Shashank Srivastava, Senior Executive Officer, Marketing & Sales,Maruti Suzuki India Limited, said, “We are thrilled to announce our partnership with IDFC FIRST Bank to
provide lucrative financial solutions for our valued customers.

It has been our goal to offer a comfortable and hassle-free financing experience for car buyers, and this collaboration enables us to take this further through an array of personalized loan benefits offered by the bank. This tie-up will help us cater to the diverse needs of customers and make the vehicle purchasing process much more accessible and
convenient.”

Sharing his thoughts on the alliance, IDFC FIRST Bank COO, Mr. Madhivanan Balakrishnan said, “We are
delighted to be partnering with Maruti Suzuki to enhance customer’s vehicle buying and financing
experience through customized & innovative loan offerings. As a Bank, we always believe in putting our
customer first, and this partnership aligns with our philosophy. IDFC FIRST Bank leverages analytics and
digitization to provide seamless & easy financing experience to customers across our 700+ branches PAN
India.”

The partnership with IDFC FIRST Bank will further allow Maruti Suzuki to expand its range of financing
options and provide customers with greater flexibility and choice. This collaboration is set to further
enhance Maruti Suzuki’s position as leader in the Indian automobile industry along with becoming one of
the most preferred choices for customers owing to IDFC FIRST Bank’s customer friendly processes.

Maruti Suzuki ties up with IDFC FIRST Bank to offer personalised car finance options

Maruti Suzuki

Telugu super news, Hyderabad,April 12,2023:Maruti Suzuki India Limited (MSIL), announced the signing of a Memorandum of Understanding (MoU) with IDFC FIRST Bank Limited. As part of this collaboration, the bank will offer personalised finance options across New Car Loans, Pre-Owned Car Loans, and Commercial Vehicle Loans to customers looking to purchase Maruti Suzuki vehicles. With the latest partnership with IDFC FIRST Bank, Maruti Suzuki continues to provide a wide range of financing options for customers across the country. 

The MoU was signed in the presence of senior management from Maruti Suzuki and IDFC FIRST Bank. From MSIL, Mr. Shashank Srivastava, Senior Executive Officer, Marketing & Sales, and Mr. Bhuvan Dheer, Executive Vice President, Sales, Mr. Vishal Sharma, General Manager, Allied Business, were a part of the MoU ceremony, along with Mr. V. Vaidyanathan, Managing Director & CEO, Mr. Madhivanan Balakrishnan, Chief Operating Officer, Mr. Pradeep Natarajan, Head – Retail Banking, Mr. Rishi Kant Misra, Business Head – Vehicle Loans from IDFC FIRST Bank Limited.

Speaking on the partnership, Mr. Shashank Srivastava, Senior Executive Officer, Marketing & Sales, Maruti Suzuki India Limited, said, “We are thrilled to announce our partnership with IDFC FIRST Bank to provide lucrative financial solutions for our valued customers. It has been our goal to offer a comfortable and hassle-free financing experience for car buyers, and this collaboration enables us to take this further through an array of personalised loan benefits offered by the bank. This tie-up will help us cater to the diverse needs of customers and make the vehicle purchasing process much more accessible and convenient.”

Sharing his thoughts on the alliance, IDFC FIRST Bank COO, Mr. Madhivanan Balakrishnan said, “We are delighted to be partnering with Maruti Suzuki to enhance customer’s vehicle buying and financing experience through customized & innovative loan offerings. As a Bank, we always believe in putting our customer first, and this partnership aligns with our philosophy. IDFC FIRST Bank leverages analytics and digitization to provide seamless & easy financing experience to customers across our 700+ branches PAN India.”

The partnership with IDFC FIRST Bank will further allow Maruti Suzuki to expand its range of financing options and provide customers with greater flexibility and choice. This collaboration is set to further enhance Maruti Suzuki’s position as the leader in the Indian automobile industry. 

IDFC FIRST Bank and WhatsApp enable FASTag recharge through ‘payments on WhatsApp

IDFC FIRST Bank and WhatsApp enable FASTag recharge through ‘payments on WhatsApp

IDFC FIRST Bank today announced the launch of its integration with ‘payments on WhatsApp’ to enable simple and secure FASTags recharge for the Bank’s customers. This partnership means IDFC FIRST customers will be able to recharge their FASTags right within IDFC FIRST’s WhatsApp chatbot and complete the transaction from within the chat thread.

IDFC FIRST Bank customers can get started by just sending ‘Hi’ to the Bank’s official WhatsApp chatbot number at +919555555555.

The process of recharge will be a seamless experience that will enable payments in two simple steps, without having to exit the WhatsApp chat. On selecting the recharge option in the WhatsApp chat, customers will then be required to enter the amount and authenticate the transaction via an OTP, after which they will receive a message confirming the transaction.

This new service will equip users to pay for their recharge through ‘payments on WhatsApp’, without having to log onto any other Mobile App or Netbanking portal, making it easier and faster for millions of the Bank’s FASTag users.

B. Madhivanan, Chief Operating Officer, IDFC FIRST Bank, said, “IDFC FIRST Bank has been working to drive innovations in FASTag to create outstanding user experiences. Customers use our proven, secure and simple FASTag solutions to pay for toll, fuel, parking and green taxes. We are thrilled to partner with WhatsApp to enable recharge of FASTags using ‘payments on WhatsApp’. This not only makes the IDFC FIRST FASTag a powerful proposition but also marks an industry first for any banking institution to enable transactions using payments on Whatsapp.”

Abhijit Bose, Head of WhatsApp India said, “IDFC First Bank’s FASTag recharge on WhatsApp is a great example of our vision to make digital transactions easy and accessible for everyone in the country. Companies can now create customized and intuitive journeys for their customers on WhatsApp. Everyday transactions that took time and effort before, can now be initiated and completed quickly right within the WhatsApp chat thread.”

Payments on WhatsApp allows users to send and receive money from their contacts via Unified Payment Interface (UPI) as easily as sending a WhatsApp message. With user-safety at its core, ‘payments on WhatsApp’ is designed with a strong set of security and privacy principles, including entering a personal UPI-PIN for each payment.

IDFC FIRST Bank’s WhatsApp banking channel offers over 25 services for savings accounts, credit cards, loans, FASTag, which are being extensively used by account-holders. The Bank has now added FASTag purchase and recharge to this list of services. As FASTag is a prepaid instrument, it is important for users to keep the account funded before the vehicle reaches the toll plaza.

The Bank has so far issued around 9 million FASTags, making travel for its consumers easier and faster on highways due to fewer delays at toll plazas. As an acquiring bank, IDFC FIRST Bank enables payments via FASTag at close to 420 toll plazas and 20 parking locations, accounting for 40% market share in terms of monthly toll value processed. The Bank is also the largest parking acquirer with 45% market share.

The Bank has a tie-up with HPCL and processes payments close to 1 lakh liters of fuel a month using FASTag balances. IDFC FIRST Bank FASTags are accepted at around 19,000 HPCL outlets. The Bank also leads FASTag usage in the commercial vehicle space and is the preferred tag for long haul trucks.

IDFC FIRST Bank and WhatsApp enable FASTag recharge through ‘payments on WhatsApp

The FASTag program was jointly launched by the National Highway Authority of India (NHAI), Indian Highways Management Company Ltd (IHMCL) and National Payments Corporation of India (NPCI) as a medium to accept toll fare across all National Highway plazas. Banks act as issuers and acquirers in this ecosystem which processes close to seven million transactions a day. FASTags are accepted across all national highway toll plazas and select state highways. The latest count of active toll plazas was around 900.

This use case can also be experienced at the Global Fintech Festival 2022 where WhatsApp as a theme partner will showcase various innovative solutions being built on its platform that are contributing to a sustainable financial world, going green, global and inclusive.