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LazyPay tie-up with SBM Bank India to Launch LazyCard

Sumit Arora Published On January 14th, 2022 Leave a comment

LazyPay, a Buy Now Pay Later (BNPL) solution by PayU Finance, announced its partnership with SBM Bank India to launch LazyCard, a prepaid payment instrument backed by a credit line that works on the Visa payment network. To empower financially underserved Indians with easy access to credit as their card has limited credit options. LazyCard reaches over 62 million pre-approved users of LazyPay, with a credit limit of up to 5 lakhs. Consumers could avail the Lazycard at zero joining fees and zero annual fees along with multiple transactional benefits and rewards.

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Important takeaways for all competitive exams:

SBM Bank Incorporated: 1st December 2018
SBM Bank Headquarters: Mumbai, Maharashtra
SBM Bank CEO & MD: Sidharth Rath

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Sumit Arora

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As a team lead and current affairs writer at Adda247, my role involves researching and creating informative and engaging content aimed at helping candidates prepare for national and state-level competitive government exams. I specialize in delivering insightful articles that keep aspirants updated on the latest current affairs trends and developments. My primary focus is on educational excellence, ensuring that our readers are well-prepared and informed to face their exams with confidence. Through meticulously crafted content, I aim to guide and support candidates in their journey toward success.