AU Small Finance Bank, based in India, unveiled its AU NOMO Credit Card. This card used fixed deposits as collateral, enabling customers to build credit and savings, according to a press release.
The credit limit is based on fixed deposits and is designed for those with limited credit histories and documentation.
Other features include:
- Contactless.
- Card liability protection against skimming, fraud.
- Rewards points.
- Surcharge waiver on fuel purchases.
