PNB Kiwi UPI Credit Card Launched: Earn Cashback on Every UPI Payment
The UPI ecosystem in India is expanding rapidly, and credit cards are now becoming a key part of this digital transformation. Kiwi, a fast-growing fintech platform, has already partnered with Yes Bank and AU Small Finance Bank to launch co-branded credit cards.
Now, Kiwi has collaborated with Punjab National Bank (PNB) to introduce the PNB Kiwi UPI Credit Card, enabling users to earn cashback on every UPI payment.
What is PNB Kiwi UPI Credit Card?
The PNB Kiwi UPI Credit Card is a fully digital credit card that works directly with UPI apps. It allows users to make payments by scanning QR codes using credit instead of a bank balance. With zero joining and annual fees, this card is designed for users who prefer simple, digital-first payment options.
Key Features of PNB Kiwi UPI Credit Card
- ₹0 Joining Fee and Annual Fee
- Get up to 1.5% cashback when you make UPI scan and pay payments.
- 0.5% cashback on online payments
- 1% fuel surcharge waiver
- Fully virtual credit card with instant activation
- Up to 5% cashback with Kiwi Neon Membership
- Airport lounge access (with membership)
- Exclusive offers on leading brands
How PNB Kiwi UPI Credit Card Works
The card is issued on the RuPay network and can be linked to UPI apps like Google Pay, PhonePe, and Paytm.
Steps to use:
- Apply online and complete digital KYC
- Link the card to your UPI ID
- Scan any QR code
- Pay using credit and earn cashback
This process makes daily payments fast, simple, and rewarding.
Cashback and Rewards Structure
The card offers a simple cashback model instead of complex reward points:
- Up to 1.5% cashback on UPI transactions
- 0.5% cashback on online purchases
- Up to 5% cashback with Kiwi Neon Membership
This makes it ideal for users who prefer direct savings on daily spending.
Benefits for UPI Users
The PNB Kiwi Credit Card is especially useful for:
- Frequent UPI users
- People who want a credit card with no annual fee for life
- Beginners building a credit score
- Users who prefer digital banking
PNB Kiwi UPI Credit Card: Pros and Cons
| Pros | Cons |
|---|---|
| No joining and annual fees | Basic reward structure |
| Cashback on every UPI payment | Higher rewards require membership |
| Easy to use with UPI apps | Limited travel benefits |
| Fully digital and instant activation | Not suitable for premium users |
| Ideal for daily small transactions | Lounge access only with membership |
Financial Inclusion and Market Impact
With a strong network of over 10,000 branches, Punjab National Bank (PNB) is well-positioned to expand credit access across semi-urban and rural India.
This partnership with Kiwi helps bridge the gap between digital payments and credit access, making financial services more inclusive.
Fintech and Banking Collaboration
The partnership reflects a growing trend where traditional banks collaborate with fintech platforms to improve user experience. By combining Kiwi’s digital technology with PNB’s banking infrastructure, the card delivers:
- Faster approvals
- Seamless digital experience
- Wider access to credit
- Secure transactions
Bottom Line
The PNB Kiwi UPI Credit Card is a practical choice for users who frequently use UPI and want to earn cashback on daily transactions. With zero fees and simple rewards, it focuses on convenience and accessibility.
While it may not offer premium travel or luxury benefits, it is a strong option for everyday spending in India’s digital payments ecosystem.
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