Mumbai: Private sector lender Kotak Mahindra Bank (KMBL) on Friday said that it has partnered with Indian Oil Corporation Limited partnership to launch the Indian Oil Kotak co-branded fuel credit card. Speaking on the occasion, Executive Director (Retail Transformation), Indian Oil Corporation Limited said Sandeep Makker, ”We are very upbeat about the alliance with Kotak Mahindra Bank Limited. Indian Oil strongly believes in transforming fueling experiences by delivering best value to its customers. This partnership will help Indian Oil and Kotak Mahindra Bank Limited to further strengthen their brand reach and deepen customer engagement. This new co-branded credit card will be another initiative to promote the Government’s vision of a Digital India. More than 98 pc of the Indian Oil’s 33,000 plus fuel stations accept credit card, debit card and wallet payments.” President, Consumer Assets, Kotak Mahindra Bank Ambuj Chandna, ”Fuel now accounts for a significant proportion of a family’s monthly budget, and our intent with the Indian Oil Kotak fuel credit card is to give our customers the best value power-packed card that enables them to earn more on their high-ticket regular card spends such as fuel, dining and groceries. We are delighted to partner with a Maharatna like Indian Oil to launch the Indian Oil Kotak Credit Card and look forward to welcoming Indian Oil customers to the Kotak family.” The collaboration will offer more value to customers in the form of an enhanced rewards programme giving customers value on fuel spends and on special non-fuel and frequent-spend categories, such as dining and groceries. UNI JS JNA
