Do you have an RBI licence, which is required for a bank, in India.

RBI Licence

Kushal

I think they have partnered with RBL bank

Adi

shankarasase Sorry for the late reply. No we don't have a license but as Kushal said, we will partner with a bank that has a license. It is not RBL though.

Kushal

Thanks, Adi for the reply. Appreciate it

Adi

Always welcome

Kushal

Thanks @Adi. Any heads-up which bank is Mavrik going to partner with?

Adi

Kushal Will reveal once we finalize everything and well before we start on boarding customers

Kushal

Cool. Any tentative timeline for the same @Adi

Adi

Kushal Ideally 3 to 6 months since we don't have control over the pace at which the banking partner moves. But we will launch one product, may be just the card before Summer ends.

Kushal

Nice @Adi . Do you mean Credit card here?

I understand bank regulations and approvals take time.

Adi

Kushal We are evaluating both credit and prepaid forms. Which one is more interesting to you personally?

Thanks. Are you in the BFSI sector?

Vinay

Kushal ,Adi How about considering partnership with entities like Mindgate? I believe ICICI has open banking API.

Kushal

Adi For me Credit card is more interesting. With great reward points(possible direct credit to CC account). Have more offers around and a kickass app to visualize and control the credit card features and abilities

Kushal

Not directly @Adi . Thanks for the response though.

WittyPiscean

Same here, a credit card with tailored benefits is best; considering how major banks are performing; I'd rather prefer a credit card than a debit / prepaid card.

A prepaid card with benefits and offers tailored to it would also be nice, but a credit would be much preferred.