Stashfin is a neo banking platform which introduces #LiveBoundless – a credit line card especially for women. This card aims at giving women greater financial freedom. It also offers cashback rewards, welcome credits, Free ATM Withdrawals and deals.
In recent years, credit card usage in India has grown dramatically. According to a Statista study, the Indian credit card market volume was at 37.5 million in FY2018 and reached 57.7 million in FY2020. A similar northward trend was witnessed in the FY 2021, when the numbers hit 62 million.
Features of the card:
- The card acts as a virtual and physical medium for shopping, traveling, and eating and includes 1% cashback on every spend to benefits worth Rs 5,000 in the first year, and a free credit period for select customers.
- The firm also said that the card acts as a virtual and physical medium for shopping, traveling, and eating, which makes it different from the existing players in the market.