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CUB said that through the partnership, 42 CS will manage end-to-end credit card processing services for banks leveraging the all-in-one cloud-native card management system from Brazilian technology company Pismo.
Private sector lender City Union Bank (CUB) on Tuesday announced the launch of its first credit card service, the Dhi CUB Visa Signature Credit Card. It was launched in partnership with credit card management provider 42 Card Solutions Pvt Ltd, the bank said in a press release.
42 Card Solutions co-founder GG Srinivas said, “We are very pleased to serve CUB customers with this new card offering. We have set up a multi-tenant card management system for CUB from Pismo, where we can run multiple card programs.”
Srinivas added, “The highly agile software backing of the card will enable banks to quickly introduce innovative features and expedite new product rollouts, catering to the rapidly changing market and customer aspirations.”
CUB said that through the partnership, 42 CS will manage end-to-end credit card processing services for banks leveraging the all-in-one cloud-native card management system from Brazilian technology company Pismo.
The bank said in a release that as part of the pilot, it had initially issued credit cards to its employees. CUB plans to have around 30,000 active cards by the end of March 2023. The bank stated that existing customers will be prioritized over new customers.
