Due to this new product launch, Citi will be able to extend its retail presence in India. Its parent copany, One97 Communications, counts Japans SoftBank Group, Alibaba, and Berkshire Hathaway among its investors.
The Paytm First Card will offer 1% cashback on all transactions.
Earlier in March 2019, Paytm has announced its plan to launch a subscription-based rewards and loyalty programme, Paytm First.
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