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.
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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.