On December 24, 2020 Punjab National Bank (PNB) introduced PNB e-Credit Card. This card is a digital imitation of a physical Credit Card. PNB customers can use this card at any e-commerce platform or merchant website, without having to carry the physical card.
PNB Genie Mobile app
i.The details of the card can be viewed in PNB Genie Mobile app by clicking on the e-Credit Card facility.
ii.It helps the customers to activate the card for international/ Domestic use and also to set up transaction limits for ATM, ecommerce, PoS and Contactless payments.
Points to be Noted
i.The United Bank of India(UBI) and Oriental Bank of Commerce(OBC) merged with PNB with effect from April 1, 2020.
ii.With this, PNB becomes the 2nd largest nationalized bank of India, in terms of business and branch network.
Recent Related News:
On October 12, 2020 Axis Bank Limited in collaboration with Google Pay and Visa launched its ACE Credit Card in India. The card is designed to increase participation of users in the digital economy.
About Punjab National Bank (PNB):
Founded– May 19, 1894
Commenced Operations– April 12, 1895
MD & CEO– CH S.S. Mallikarjuna Rao
Headquarters– New Delhi, India
Tagline– The name you can bank upon